secwatch.observer — SEC 8-K summary
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Issuer:     Fidelity National Information Services, Inc. (FIS)
CIK:        0001136893
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001193125-24-021392
Event type: m_and_a
Sentiment:  positive
Materiality: 0.95
Item codes: 1.01, 2.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FIS completes sale of 55% stake in Worldpay to GTCR for $18.5B enterprise value
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- Net cash proceeds >$12B; FIS retains 45% non-controlling equity stake in Worldpay.
- Transaction values Worldpay at $18.5B enterprise value, including $1B contingent consideration.
- FIS intends to use proceeds to pay down debt and repurchase at least $3B of shares in 2024.
- Directors Vijay D'Silva and Louise Parent will not stand for re-election at FIS 2024 annual meeting.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1136893/000119312524021392/0001193125-24-021392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1136893/000119312524021392/d761353d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-021392

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