Fis announces plans to spin off merchant business

Jacksonville, fla.--(business wire)--fis® (nyse: fis or “the company”), a global leader in financial services technology, today announced plans to pursue a tax-free spin-off of its merchant solutions business to strengthen its strategic and operational focus, capitalize on growth opportunities and unlock shareholder value. the two companies expect to maintain a strong commercial relationship, preserving a key value proposition for clients of both businesses.
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