EFD | eFunds Corporation, the company that delivers innovative enterprise payments and data & decisioning solutions, announced that its stockholders approved the merger agreement of EFD with a subsidiary of Fidelity National Information Services, Inc. at a special meeting of stockholders held today. Approximately 73% of the outstanding shares and over 99% of the shares voted were voted in favor of the merger.
Upon the closing of the merger, holders of EFD common stock will be entitled to receive $36.50 in cash, without interest, for each of their shares. The merger is currently expected to close on September 12, 2007.
About EFD | eFunds Corporation
EFD is the payments solutions company. With the unique ability to take an integrated view of enterprise payments and data & decisioning, EFD provides financial services companies and other large enterprises with business insight to make better new account decisions, improve fraud detection and management and streamline payment processing. EFD’s flexible delivery model means solutions can be run in-house, outsourced or anything in between, helping customers achieve operational efficiency and low cost of ownership while building long-term customer value. From the point of account opening to the settlement of every transaction — debit, credit, or prepaid — EFD helps businesses win more of the right customers, serve them more efficiently and keep them. Additional information is available at http://www.eFunds.com.