NEW YORK, April 2, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP is investigating breaches of fiduciary duty and other violations of state law by the board of directors of Metavante Technologies ("Metavante" or the "Company") (NYSE:MV) arising out of their attempt to sell the Company to Fidelity National Information Services Inc. ("Fidelity") (NYSE:FIS). Under the terms of the agreement, shareholders of Metavante will receive 1.35 shares of Fidelity stock for every share they hold of Metavante. Based on the $16.88 closing price of Fidelity shares on April 1, 2009, the transaction values Metavante shares at approximately $22.78. The transaction appears to be unfair and undervalues the Company's shares that traded higher as recently as September 2008.
If you own common stock in Metavante and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/mv.html
Levi & Korsinsky, LLP has extensive experience in prosecuting investor securities lawsuits and has an extensive practice in actions involving financial fraud. We represent investors throughout the nation, concentrating our practice in securities and shareholder litigation.