Tag: Worldpay separation
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FIS readies finances for Worldpay separation
Financial technology corporation, Fidelity National Information Services (FIS), is making financial arrangements in preparation for the separation from its subsidiary, Worldpay. The company’s board has announced a plan to distribute about 19.9% of Worldpay’s outstanding common stock as a pro-rata dividend to FIS shareholders. Following regulatory and shareholder approvals, FIS is expected to execute…