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Fidelity National authorizes $250 million share buyback



By AP
17 April 2008 @ 05:41 pm EST

JACKSONVILLE, Fla. - Fidelity National Information Services Inc. said Thursday its board approved the repurchase of $250 million in shares.

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The company, which provides processing services for financial institutions, said the authorization replaces an existing one that had $117 million remaining.

At the stock's closing price of $35.92 on Thursday, the $250 million would buy just under 7 million shares.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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