FIS to Commence Share Repurchases of 13.6M Shares

FIS FIS today announced plans to begin repurchasing shares of common stock under its existing share repurchase authorization. The announcement follows today's earlier statement by FIS that it is no longer engaged in discussions regarding a potential acquisition of Misys PLC. Approximately 13.6 million shares remain available for repurchase under the existing authorization that was approved by the company's Board of Directors on February 4, 2010. FIS may make purchases in the open market at prevailing market prices or in privately negotiated transactions at the discretion of management, subject to its assessment of market conditions and other factors.