BALA CYNWYD, Pa., April 8, 2009 (GLOBE NEWSWIRE) -- Law offices of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Metavante Technologies, Inc. ("Metavante" or the "Company") (NYSE:MV) relating to the proposed acquisition from Fidelity National Information Services, Inc. ("Fidelity"). Fidelity has agreed to acquire Metavante in an all-stock deal valued at approximately $2.94 billion.
Under the proposed agreement, Metavante shareholders will receive a fixed exchange ratio of 1.35 shares of Fidelity common stock for each share of Metavante common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Metavante board's approval of the proposed merger.
If you own shares of Metavante and wish to discuss the legal ramifications of the proposed acquisition by Fidelity, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.