CORRESP
[WACHTELL, LIPTON ROSEN & KATZ LETTERHEAD]
July 9, 2009
H. Christopher Owings
Division of Corporation Finance
Securities and Exchange Commission
Mail Stop 3561
Washington, D.C. 20549
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Re: |
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Fidelity National Information Services, Inc.
Amendment No. 1 to Registration Statement on Form S-4
Filed June 16, 2009
File No. 333-158960 |
Dear Mr. Owings:
Set forth below are responses of Fidelity National Information Services, Inc. (FIS)
and Metavante Technologies, Inc. (Metavante) to the comments of the Staff of the Division
of Corporation Finance (the Staff) in your letter dated July 1, 2009 regarding FIS
Amendment No. 1 to Registration Statement on Form S-4. In connection with this letter responding
to the Staffs comments, we are filing Amendment No. 2 (the Amendment) to the
Registration Statement on Form S-4.
The Staffs comments, indicated in bold, are followed by responses on behalf of FIS and
Metavante.
Mr. H. Christopher Owings
July 9, 2009
Page 2
Registration Statement on Form S-4
General
1. |
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Please file your tax and legal opinions with your next amendment or advise us when you expect
to file the opinions. |
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Response: |
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The tax and legal opinions have been filed as Exhibits 8.1, 8.2 and 5.1, respectively, to
the Amendment. |
Summary, page 1
The Investments and Investment Agreement, page 6
2. |
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We note your revisions on pages 6, 7 and 44 of your Form S-4 in response to comment 1 of our
June 3, 2009 letter regarding your reasons for entering the investment agreement. You state
on pages 7 and 44 that the board considered the investment agreement in the context of the
discussions with Metavantes lenders regarding modifications to the terms of Metavantes
existing debt in connection with the proposed merger. Please expand your disclosure to
describe the issues raised by Metavantes lenders and how the investment agreement addresses
those issues. |
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In response to the Staffs comment, we have revised the disclosure on pages 7 and 45. |
3. |
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We reissue comment 1 of our June 3, 2009 letter, in part. We note your revision in the
second to last paragraph on page 44 stating that in approving the investment agreement your
board considered that the issuance of shares would be dilutive to your existing shareholders.
Please expand your disclosure to state that this dilution is in addition to the dilution
caused by the shares being issued in the merger. |
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In response to the Staffs comment, we have revised the
disclosure on page 46. |
Mr. H. Christopher Owings
July 9, 2009
Page 3
FIS Proposal 1 and Metavante Proposal 1: The Merger, page 38
Background of the Merger, page 38
4. |
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We note your revision in the second paragraph on page 38 in response to comment 3 of our June
3, 2009 letter indicating that Mr. Frank R. Martire, then President and Chief Executive
Officer of Metavante, initiated the call with Mr. Kennedy in mid-July 2008. Please expand
your disclosure to discuss the events that occurred after this call that led to the meeting
to discuss a possible business combination of FIS and Metavante. |
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In response to the Staffs comment, we have revised the disclosure on page 39. |
5. |
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We note your revisions in the third paragraph on page 38 regarding your hiring of both Banc
of America Securities and Goldman, Sachs & Co. to serve as your financial advisors. It
appears from your revised disclosure that both financial advisors were retained to perform
identical roles. In light of this, please revise your disclosure to address the reason for
engaging two financial advisors. |
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In response to the Staffs comment, we have revised the disclosure on page 39. |
6. |
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We note your response to prior comment four of our June 3, 2009 letter and your indication
that neither board sought advice from their respective financial advisors with respect to
alternative transactions. In an appropriate place in your disclosure, please elaborate to
discuss the alternatives to the proposed transaction that were considered, if any, by
Metavante. In this regard, we note the disclosure on page 41 where you mention a discussion
of alternatives considered; please add additional detail to address why the instant
transaction was pursued over any alternative(s). If no alternatives were considered, please
state this. |
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In response to the Staffs comment, we have revised the disclosure on page 42. |
Mr. H. Christopher Owings
July 9, 2009
Page 4
Where You Can Find More Information, page 117
7. |
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Please update your incorporation by reference table on page 118 to include your most recent
filings as required by Item 11 of Form S-4. |
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In response to the Staffs comment, we have updated the table on page 119 to include the
most recent filings of FIS and Metavante. |
* * * * * *
Should any members of the Staff have any questions regarding the foregoing, please feel free
to contact the undersigned at (212) 403-1341.
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Sincerely,
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/s/ Matthew M. Guest
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Matthew M. Guest |
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cc: |
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Ronald D. Cook, Esq., Fidelity National Information Services,
Inc.
Donald W. Layden, Jr., Esq., Metavante Technologies, Inc.
Jeffrey Symons, Esq., Kirkland & Ellis LLP |