Odd Lot Index

Fidelity National Information Services, Inc. FIS

Terms unclear

Unclear — read the filing yourself
In a Dutch auction, tendering too high can cost you the priority. The company picks the lowest price that buys the shares it wants, and everyone at or below that price gets it. Tender above it and your shares come back unpurchased — and because you are not in the accepted pool at all, the odd-lot priority never applies. Most offers have a box meaning "accept whatever price is determined", which keeps you in the pool; the trade-off is that you give up any say in the price. The filing explains both.
StatusClosed
Closing date2010-08-03
How it is pricedDutch auction
Odd-lot thresholdFewer than 100 shares
Must tender everything you holdNot stated
Must tick the odd-lot box on the formYes
Price offeredUSD $29.00 to $31.00 per share, in steps of $0.25
Cleared at$29.00
Most an odd-lot tender could be$2,871.00

How it finished

Everyone else50.12%
Shares tendered171,509,189
Shares accepted86,206,896
Proration factor50.1%
Overall acceptance50.3%

Where each of these comes from

Every line above was read out of the filing. Here is the wording it was read from, so you can check it.

election_required = True...n? If you own, beneficially or of record, fewer than 100 Shares in the aggregate, you properly tender all of these Shares at or below the Purchase Price before the Tender Offer expires, all of the conditions to the Tender Offer are satisfied or waived and you complete the section entitled “Odd Lots” in the Letter of Transmittal (and, if applicable, in the Notice of Guaranteed Delivery), we will purchase all of your Shares without subjecting them to proration. See Section 1. How will FIS pay for the Shares? We anticipate that we will obtain a portion of the funds necessary to purchase Shares tendered in the Tender Offer, and to pay related fees and expenses, thr...
expiry = 2010-08-03...$2,500,000,000 in Cash up to 86,206,896 Shares of its Common Stock at a Purchase Price Not Greater Than $31.00 Nor Less Than $29.00 Per Share THE TENDER OFFER, PRORATION PERIOD AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON TUESDAY, AUGUST 3, 2010, UNLESS THE TENDER OFFER IS EXTENDED OR WITHDRAWN (SUCH DATE, AS IT MAY BE EXTENDED, THE “EXPIRATION TIME”). Fidelity National Information Services, Inc., a Georgia corporation (“FIS,” the “Company,” “we” or “us”), is offering to purchase...
listed = True...the Tender Offer. See Sections 1, 2 and 4. THE TENDER OFFER IS NOT CONDITIONED ON ANY MINIMUM NUMBER OF SHARES BEING TENDERED BUT IS SUBJECT TO THE OTHER CONDITIONS, INCLUDING THE COMPLETION OF THE FINANCING TO FUND THE TENDER OFFER. SEE SECTION 6. The Shares are listed on The New York Stock Exchange (the “NYSE”) under the ticker symbol “FIS.” On July 2, 2010, the last full trading day prior to the commencement of the Tender Offer, the reported closing price of the Shares on the NYSE was $26.41. You are urged to obtain current market quotations for the Shares before deciding whether, and at which price, to tender your Shares pursuant...
listed = True...banks, including nine of the top 10. FIS is a member of Standard and Poor’s (S&P) 500® Index and consistently holds a leading ranking in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS employs more than 30,000 on a global basis. FIS is listed on the New York Stock Exchange under the “FIS” ticker symbol. Forward-Looking Statements This news release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on manage...
listed = True...ervices, including the NYCE® Network. FIS is a member of Standard and Poor’s (S&P) 500® Index and consistently holds a leading ranking in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS employs more than 30,000 on a global basis. FIS is listed on the New York Stock Exchange under the “FIS” ticker symbol. Forward-Looking Statements This news release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements are based on manage...
mechanism = DUTCH...ormation Services, Inc., which we refer to as the “Company,” “FIS,” “we” or “us,” is offering to purchase your Shares. See Section 1. What will the Purchase Price for the Shares be and what will be the form of payment? We are conducting an offer by means of a modified “Dutch auction” to purchase for cash, upon the terms and subject to the conditions of the Tender Offer, up to 86,206,896 Shares (or such lesser amount as we may elect to purchase, subject to applicable law) pursuant to auction tenders at prices specified by the tendering shareholders of not greater than $31.00 nor less than $29.00 per Share. We will de...
mechanism = DUTCH...5 billion in aggregate value of shares (or such lesser amount as FIS may elect to purchase, subject to applicable law) are properly tendered and not properly withdrawn, FIS will purchase tendered shares on a pro rata basis at the price level determined by the modified “Dutch Auction” (as described in question 2), subject to a limited priority that is given to “odd lot” holders of fewer than 100 shares. 2. WHAT IS A MODIFIED DUTCH AUCTION? A modified “Dutch Auction” is a type of tender procedure that allows a shareholder to choose a price within the price range designated by FIS (in this case from $29.00 to $31.00 in...
mechanism = DUTCH...bit (a) (5) (M) News Release FIS Announces Preliminary Results of Tender Offer JACKSONVILLE, Fla., August 4, 2010 — FIS™ (“FIS”) (NYSE: FIS), one of the world’s largest providers of banking and payments technology, announced today the preliminary results of its “Dutch auction” tender offer for the purchase of up to $2.5 billion of shares of its common stock, which expired at 5:00 p.m., New York City time, on Tuesday, August 3, 2010. Based on a preliminary count by Computershare Trust Company, N.A., the depositary for the tender offer, a total of 171,705,905 shares of FIS’ common stock were properly tendered a...
mechanism = DUTCH...) exv99wxayx5yxny Exhibit (a)(5)(N) News Release FIS Announces Final Results of Tender Offer JACKSONVILLE, Fla., August 9, 2010 — FIS™ (NYSE: FIS), one of the world’s largest providers of banking and payments technology, announced today the final results of its “Dutch auction” tender offer for the purchase of up to $2.5 billion of shares of its common stock, which expired at 5:00 p.m., New York City time, on Tuesday, August 3, 2010. FIS today accepted for purchase 86,206,896 shares of its common stock, including shares tendered through the conditional exercise of options, at a purchase price of $29.00 per sha...
price = USD 29.0-31.0...o tender your shares at whatever purchase price is determined by the modified Dutch Auction described above (that is, the final tender offer price determined by FIS, which will be between $29.00 and $31.00 per share). All letters of transmittal must be completed and submitted by the expiration date of the tender offer. If a broker, dealer, commercial bank, trust company or other nominee holds your shares, it will provide you with i...
price = USD 29.0...that the preliminary proration factor is approximately 50.06%. Based on these preliminary results, FIS expects to purchase approximately 86,206,896 shares of its common stock at a purchase price of $29.00 per share, for a total cost of approximately $2,500,000,000, excluding fees and expenses relating to the tender offer. The number of shares to be purchased, the purchase price per share and aggregate purchase price, and the prora...
price = USD 29.0...ime, on Tuesday, August 3, 2010. FIS today accepted for purchase 86,206,896 shares of its common stock, including shares tendered through the conditional exercise of options, at a purchase price of $29.00 per share, for a total cost of approximately $2,500,000,000, excluding fees and expenses relating to the tender offer. Based on the final count by the depositary, a total of 171,509,189 shares of common stock were properly tender...
threshold = 100...we were to reduce the maximum aggregate purchase price (and the associated maximum aggregate number of Shares to be purchased) and the purchase of all Shares properly tendered would result in an aggregate purchase price that exceeded such reduced amount. If I own fewer than 100 Shares and I tender all of my Shares, will I be subject to proration? If you own, beneficially or of record, fewer than 100 Shares in the aggregate, you properly tender all of these Shares at or below the Purchase Price before the Tender Offer expires, all of the conditions to the Tender Offer are satisfied or waived and you complete the sectio...
threshold = 100...applicable law) are properly tendered and not properly withdrawn, FIS will purchase tendered shares on a pro rata basis at the price level determined by the modified “Dutch Auction” (as described in question 2), subject to a limited priority that is given to “odd lot” holders of fewer than 100 shares. 2. WHAT IS A MODIFIED DUTCH AUCTION? A modified “Dutch Auction” is a type of tender procedure that allows a shareholder to choose a price within the price range designated by FIS (in this case from $29.00 to $31.00 in $0.25 increments) at which shareholders are willing to sell their shares back to FIS. The purchase price of the shares i...
txn_type = TENDER_OFFEREX-99.A.1.A 2 g23950exv99waw1wa.htm EX-99.(A)(1)(A) OFFER TO PURCHASE, DATED JULY 6, 2010 exv99waw1wa Table of Contents Exhibit (a)(1)(A) FIDELITY NATIONAL INFORMATION SERVICES, INC. Offer to Purchase for Not More Than $2,500,000,000 in Cash up to 86,206,896 Shares of its Common Stock at a Purchase Price Not Greater Than $31.00 Nor Less Than $29.00 Per Share THE TENDER OFFER, PRORATION PERIOD AND WITHDRAWA...
txn_type = TENDER_OFFER...its common stock, par value $.01 per share, at a price not more than $31.00 nor less than $29.00 per share, net to the seller in cash, without interest and subject to additional withholding taxes, upon the terms and subject to the conditions set forth in the Offer to Purchase, dated July 6, 2010 (as it may be amended or supplemented, the “Offer to Purchase”), and in the accompanying Letter of Transmittal (as it may be amended or supplemented, the “Letter of Transmittal”), which together, as each may be amended or supplemented from time to time, constitute the “Tender Offer.” This Amendment No. 1 is intended t...
txn_type = TENDER_OFFER...O) 2 g24132exv99wxayx1yxoy.htm EX-99.(A)(1)(O) exv99wxayx1yxoy Exhibit (a)(1)(O) FIDELITY NATIONAL INFORMATION SERVICES, INC. FREQUENTLY ASKED QUESTIONS RELATING TO YOUR PARTICIPATION IN THE TENDER OFFER 1. WHAT IS THE OFFER? On July 6, 2010, FIS commenced an offer to purchase, for not more than $2.5 billion in cash, shares of its common stock (or such lesser amount as FIS may elect to purchase subject to applicable law), at a price not greater than $31.00 per share nor less than $29.00 per share, net to the seller in cash, without interest and subject to applicable withholding taxes. The tender offer has been...
txn_type = TENDER_OFFER...ncluding without limitation the tender offer purchase price, the number of shares tendered, the number of shares to be purchased and the proration factor) being preliminary and subject to change, and other risks detailed in “Forward-Looking Statements” in the offer to purchase, and “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s reports on Form 10-K and Form 10-Q and other filings with the Securities and Exchange Commission. 2
txn_type = TENDER_OFFER...hether as a result of new information, future events or otherwise, except as required by law. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to the risks detailed in “Forward-Looking Statements” in the offer to purchase and the “Statement Regarding Forward-Looking Information,” “Risk Factors” and other sections of the Company’s reports on Form 10-K and Form 10-Q and other filings with the Securities and Exchange Commission. ### For More Information: Marcia Danzeisen, 904.854.5083 Mary Waggoner, 904.854.3282 Senior Vice President Senior Vice President FI...
accepted = 86206896...results of its “Dutch auction” tender offer for the purchase of up to $2.5 billion of shares of its common stock, which expired at 5:00 p.m., New York City time, on Tuesday, August 3, 2010. FIS today accepted for purchase 86,206,896 shares of its common stock, including shares tendered through the conditional exercise of options, at a purchase price of $29.00 per share, for a total cost of approximately $2,500,000,000, excluding fees and expenses relating to the tender offer. Based on the final count by the deposi...
final_price = 29.0...:00 p.m., New York City time, on Tuesday, August 3, 2010. FIS today accepted for purchase 86,206,896 shares of its common stock, including shares tendered through the conditional exercise of options, at a purchase price of $29.00 per share, for a total cost of approximately $2,500,000,000, excluding fees and expenses relating to the tender offer. Based on the final count by the depositary, a total of 171,509,189 shares of common stock were properly tendered and not withdrawn in the tender offer at a price of $29.0...
proration_pct = 50.12...dd lot” holders whose shares were purchased on a priority basis) at the final purchase price. FIS has been informed by Computershare Trust Company, N.A., the depositary for the tender offer, that the final proration factor for the tender offer was approximately 50.12%. Payment for the shares accepted for purchase under the tender offer will be made promptly, and all shares tendered and not purchased will be returned. FIS expects to have approximately 299,618,764 shares of its common stock outstanding immediately following consummation of the...
tendered = 171509189...purchase price of $29.00 per share, for a total cost of approximately $2,500,000,000, excluding fees and expenses relating to the tender offer. Based on the final count by the depositary, a total of 171,509,189 shares of common stock were properly tendered and not withdrawn in the tender offer at a price of $29.00 per share (or by shareholders electing to tender at the ultimate purchase price selected by FIS), including shares tendered at such prices through the conditional exercise of options. Due to the tender offer being oversu...

The filings

FiledFormRoleOn EDGAR
2010-07-06SC TO-Ioriginal (governing)View
2010-07-09SC TO-I/AamendmentView
2010-07-23SC TO-I/AamendmentView
2010-08-04SC TO-I/AamendmentView
2010-08-09SC TO-I/AamendmentView