An investigation on behalf current investors in Metavante Technologies, Inc. (NYSE: MV) shares over possible shareholder claims relating to the acquisition of Metavante Technologies, Inc. (NYSE: MV) by Fidelity National Information Services for $2.94 billion in stock was announced.

According to the investigation by a law firm the investigation focuses on potential unfairness of the price and the process involved in the Metavante Board approval of the proposed merger. Metavante Technologies, Inc. owns and operates Metavante Corporation. Metavante delivers banking and payments technologies to financial services firms and businesses worldwide. Metavante Technologies, Inc. is based in Milwaukee, Wisconsin and had a total revenue in 2008 of $1.7Billion with a net income of $147Million. The shares of Metavante Technologies, Inc. (NYSE: MV) traded at $21.92 on Wednesday, and reached over $25 per share in 2008.

Fidelity National Information Services, Inc. (NYSE: FIS) and Metavante Technologies, Inc. (NYSE: MV) today announced that the boards of directors of both companies have approved a definitive agreement under which FIS will acquire Metavante. Under the terms of the agreement, Metavante shareholders will receive a fixed exchange ratio of 1.35 shares of FIS common stock for each share of Metavante common stock they own. The pro forma enterprise value of the combined company would be approximately $10 billion. Shares of Fidelity closed Tuesday at $18.20, up 2%, while shares of Metavante were up 2.8% to close at $19.96. With a fixed exchange rate of 1.35, shareholders of Metavante Technologies, Inc. (NYSE: MV) would get $24.57 per MV share they own.