Fidelity National Information Services, known as FIS, is the latest evidence of that, announcing a $35 billion deal to acquire Worldpay earlier Monday. Under the terms of the deal, Worldpay shareholders get 0.9287 shares and $11.00 in cash for each share of Worldpay. In the press release announcing the deal FIS Chairman and Chief Executive Gary Norcross pointed to consolidation as a driving force behind the merger. Outside of this deal, FIS’ largest acquisition was of Sungard in 2015. It was recently trading down $0.50 or 0.48% to $108.37 on extremely heavy volume of 6 million shares.

Source: Forbes March 18, 2019 14:23 UTC