Feds want more data on Metavante-Fidelity deal - Business First of Columbus:

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Brown Deer-based Metavante (NYSE: MV) and Jacksonville, Fla.-baseds Fidelity National (NYSE: FIS) had announceed the transaction April 1 and said they expected to close the deal by thethircd quarter. Fidelity National and Metavantw executives said Monday morning that the companiesw have each received a request for additional informatiom and documentary material from the Department of The so-called second request is a procedurde in the regulatory process under the Hart-Scott-Rodino Antitrusy Improvements Act.
Fidelity National and Metavante are in the proces of gathering information in response tothe request, and are cooperatingv with Department of Justice review of the proposed merger, the companies The Justice Department request extends the waitinfg period imposed by the Hart-Scott-Rodino Act until 30 days after the companies substantially complyg with the request, unless that period is extended voluntarily by the companie s and Justice Department or terminated sooner by the Justice the companies said. The proposedx merger also remains subject to customary includingshareholder approval.
Metavante has agreed to a $3 billioj acquisition by Fidelity National in a deal that is expectedx to result in the loss of hundredsx of jobs as the companiea look tocut $260 million in annual Metavante has about 2,700 employeeds in metro Milwaukee. Assuming the transaction receives regulatory themerged company’s headquarters will be in Jacksonvillew and Metavante CEO Frank Martirer will relocate there and servee as CEO. Metavante stock was trading at $25.51, down 89 cents, Mondayh morning. Fidelity National was trading at down34 cents.