At least somebody thinks the financial biz will survive
From the Orlando Sentinel:
Milwaukee-based Metavante Technologies Inc., which employs hundreds in Central Florida, is being acquired by Fidelity National Information Services Inc. in an all stock-deal valued at nearly $3 billion, the companies said Wednesday.Jacksonville-based Fidelity National said it will offer Metavante shareholders a 23 percent premium based on Metavante's closing price of $19.96 on Tuesday. Fidelity National's stock closed at $18.20 a share yesterday.
Metavante sells software and hardware to financial companies -- to improve Internet banking, for example, or set up automated payment systems. Fidelity National must have some confidence that there will actually BE financial companies to sell stuff to.
Comments
When taking my history major at JHU, I had the great Stephen Ambrose as my prof and he used to challenge Winston Churchill WWII leadership saying "if he hadn't been paralyzed by WWI European death tolls, he might have saved the Brit Empire by agreeing to an earlier Normandy invasion."
Years later, at a book signing, I got to pose Ambrose's hypothesis to John le Carre. Le Carre thought a very brief moment and said: "The correct question should have been-'should the Empire have survived? My answer is No'".
Posted by: Tony Joe from Baltimore | April 1, 2009 12:59 PM