Fidelity National Information Services shares are trading higher following a report suggesting PE firms are seeking to take a majority stake in the company's Worldpay unit.
Portfolio Pulse from Bill Haddad
Private equity firms are reportedly interested in acquiring a majority stake in Fidelity National Information Services' Worldpay unit, leading to a rise in FIS shares.
July 03, 2023 | 11:16 am
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Fidelity National Information Services' stock is trading higher due to reports of private equity firms' interest in its Worldpay unit.
The news of potential acquisition of a majority stake in FIS's Worldpay unit by private equity firms has led to increased investor interest in FIS, causing its stock price to rise. This indicates a positive short-term impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100