Feds want more data on Metavante-Fidelity deal - St. Louis Business Journal:

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Brown Deer-based Metavante (NYSE: MV) and Jacksonville, Fla.-basee Fidelity National (NYSE: FIS) had announcec the transaction April 1 and said they expectes to close the deal by thethirdc quarter. Fidelity National and Metavante executivews said Monday morning that the companiea have each received a request for additional information and documentar y material from the Departmenyof Justice. The so-called second request is a procedure in the regulatorty process underthe Hart-Scott-Rodinol Antitrust Improvements Act.
Fidelity Nationak and Metavante are in the process of gatheringh information in response tothe request, and are cooperating with Department of Justice reviews of the proposed merger, the companiezs said. The Justice Department request extends the waiting period imposed bythe Hart-Scott-Rodinko Act until 30 days after the companiez substantially comply with the request, unless that period is extendesd voluntarily by the companies and Justices Department or terminated sooner by the Justicwe Department, the companies The proposed merger also remains subject to customary including shareholder approval.
Metavante has agreed to a $3 billionn acquisition by Fidelity National in a deal that is expecte to result in the loss of hundreds of jobs as the companiea look tocut $260 million in annuall costs. Metavante has about 2,700 employees in metro Assuming the transaction receivesregulatory approval, the mergeed company’s headquarters will be in Jacksonvill and Metavante CEO Frank Martire will relocate there and serve as CEO. Metavante stock was trading at down89 cents, Monday Fidelity National was tradingf at $19.
42, down 34