Fidelity National Information Solutions Announces Extension of Tender Offer Period for MGEN
June 21, 2002
SANTA BARBARA, Calif., /PRNewswire-FirstCall/ -- Fidelity National Information Solutions, Inc. (Nasdaq: FNIS), announced the extension of the period of its tender offer for all of the outstanding shares of Micro General Corporation (Nasdaq: MGEN) until July 9, 2002. The tender offer was previously scheduled to expire on June 28, 2002.
One of the conditions to the closing of the tender offer is the FNIS stockholder approval of the issuance of FNIS common stock in the tender offer and follow-on merger. That approval was to be obtained at the FNIS annual meeting of stockholders on June 27, 2002. The FNIS annual meeting has been postponed until July 8, 2002.
Fidelity National Financial, Inc. (NYSE: FNF), the majority stockholder of both FNIS and MGEN, has agreed to tender all of its MGEN shares in the tender offer. FNF is also expected to vote in favor of the proposal to issue shares of FNIS common stock in the tender offer and merger, which will result in certain stockholder approval of the stock issuance condition at the July 8, 2002 FNIS annual meeting of stockholders.
Source: Fidelity National Information Solutions, Inc.