Notes:

Originally posted in the forum on the thread subject, FIS - Tender Offer. Odd Lot priority and other details awaited.

Odd Lot Preference: "If you own, beneficially or of record, fewer than 100 Shares in the aggregate, you properly tender all of these Shares at or below the Purchase Price before the Tender Offer expires, all of the conditions to the Tender Offer are satisfied or waived and you complete the section entitled “Odd Lots” in the Letter of Transmittal (and, if applicable, in the Notice of Guaranteed Delivery), we will purchase all of your Shares without subjecting them to proration."

Source of Funds: They're trying to sell $1.2B in senior debt to fund the share repurchase. One more condition to watch: "FIS anticipates obtaining all of the funds necessary to purchase shares tendered in the tender offer through the incurrence of incremental debt in the form of additional term loans and long-term bonds and from borrowings to be made under existing financing facilities of FIS. The tender offer is subject to the completion of financing to fund the tender offer, as well as other customary conditions."

7/8/2010 - FIS announces the pricing of $1.1 billion of senior notes to be used for the tender offer.

Also see the FAQ posted for this tender offer on 7/9/2010. It answers many questions.