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April 18, 2008
Fidelity National Information Services, Inc. Announces Receipt of IRS Private Letter Ruling
Fidelity National Information Services, Inc. announced that it has received a formal private letter ruling from the Internal Revenue Service that the previously announced spin-off of Lender Processing Services ("LPS") will be tax-free to FIS, as well as to LPS and FIS shareholders. FIS shareholders will recognize a gain or loss on the receipt of cash in lieu of fractional shares.
Posted by S. Germain at April 18, 2008 08:31 AM