Feds want to know more about proposed Metavante acquisition; Hal Leonard acquires Nashville music publisher
Feds want to know more about proposed Metavante acquisition
The U.S. Department of Justice is requesting additional information and documentary material related to the proposed acquisition of Brown Deer-based Metavante Technologies Inc. by Fidelity National Information Services Inc. of Jacksonville, Fla.
The department has filed a "second request" for information from both companies in connection with the acquisition that was announced April 1. The new request is a procedure in the regulatory process under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act").
Fidelity and Metavante said they are in the process of gathering information responsive to the request and are cooperating with the federal review.
The companies expect the acquisition to close during the fourth quarter.
Hal Leonard acquires Nashville music publisher
Milwaukee-based Hal Leonard Corp. has purchased Shawnee Press Inc., one of the premier publishers of choral and instrumental music.
Shawnee is based in Nashville and since 1989 had been operating as an independent subsidiary of Music Sales Corp., the U.S. publishing arm of the Music Sales Group.
The acquisition was announced by Hal Leonard chairman and chief executive officer Keith Mardak, and Robert Wise, chairman and managing director of the Music Sales Group.
The history of Shawnee Press dates back to the late 1930s, when bandleader and choral master Fred Waring and some of his friends from their famous singing group The Pennsylvanians formed the music publishing company Words and Music Inc. in New York. As the group’s radio popularity grew, choir directors began requesting copies of Waring’s unique arrangements. The first choral arrangement became available in 1939.
Mardak said, "The Shawnee name is synonymous with quality. The addition of these publications and their formidable stable of writers will serve as a perfect complement to our current choral operations."