EQUIFAX COMPLETES SPIN-OFF OF CERTEGY.
Atlanta -- Equifax Inc. (NYSE: EFX) today announced it has completed the spin-off of Certegy Inc. (NYSE: CEY) with the distribution of its approximately 68.6 million shares of Certegy common stock.
On July 7, 2001, Equifax shareholders of record as of June 27, 2001, were issued one share of Certegy common stock for every two shares of Equifax stock owned. Shareholders will receive a cash payment in lieu of fractional shares.
The Equifax share price initially will reflect the distribution of Certegy to Equifax shareholders. Shareholders should add the dollar value of their Equifax holdings to that of their Certegy shares to ascertain the total value of their investment.
Equifax enables and secures global commerce through its information management, consumer credit, marketing services, business information, authentication and e-commerce businesses. As the leader in information services, Equifax adds value wherever customers do business, including the financial services, retail, telecommunications/utilities, information technology, brokerage, insurance and business lending industries and government. Equifax also enlightens, enables and empowers consumers to manage and protect their financial health with services offered at www.equifax.com . The company ranked in the top five in return on equity among Business Week's Best Performers for 2001. Equifax employs 6,600 in 13 countries and has US Dollars 1.1 billion in revenue.
Certegy provides credit and debit card processing, e-banking services, check risk management, check cashing and merchant card processing services to financial institutions and merchants. Headquartered in Alpharetta, Georgia, Certegy maintains a strong global presence with operations in the United States, Canada, the U.K., Ireland, France, Chile, Brazil, Australia and New Zealand. As a proven global payment services provider, Certegy enables transaction certainty, brings commerce and customers together, and provides business results through leading technology. Certegy's two main business units -- Card Services and Check Services -- are organized to enable targeted services and systems that address diverse customer needs. Certegy employs 5,700 employees in 9 countries and has dlrs 779 million in revenues.
Statements in this press release that relate to Equifax's future plans, objectives, expectations, performance, events and the like are "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Those factors could include changes in worldwide and U.S. economic conditions that materially impact consumer spending and consumer debt, changes in demand for the Company's products and services, risks associated with the integration of acquisitions and other investments, and other factors discussed in the "forward-looking information" section in the management's discussion and analysis included in the annual report on Form 10-K for the year ended December 31, 2000.
Mitch Haws Investor Relations +1 404-885-8093 email@example.com
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|Date:||Jul 9, 2001|
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