Fidelity National Information Services has agreed to buy financial software maker SunGard for $9.1 billion in stock and cash. It made the announcement on Aug. 12.
This is not the first time for SunGard, which had been bought a decade ago by a consortium of seven private-equity firms. As recently as June 3, SunGard had filed a Form S-1 with the Securities and Exchange Commission to go public.
The value of Fidelity National Information Services’ shares rose approximately 6% on the morning the announcement was made to $69.02 per share. That gives it a $19.4 billion market capitalization, according to The Street, which reports that the deal will close during the fourth quarter.
Fidelity National Information Services expects to refinance SunGard's debt, which amounted to $4.67 billion by the end of the first quarter of 2015.
This is not the first time for SunGard, which had been bought a decade ago by a consortium of seven private-equity firms. As recently as June 3, SunGard had filed a Form S-1 with the Securities and Exchange Commission to go public.
The value of Fidelity National Information Services’ shares rose approximately 6% on the morning the announcement was made to $69.02 per share. That gives it a $19.4 billion market capitalization, according to The Street, which reports that the deal will close during the fourth quarter.
Fidelity National Information Services expects to refinance SunGard's debt, which amounted to $4.67 billion by the end of the first quarter of 2015.
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