New York, May 17, 2004 – LAWFUEL – Weil, Gotshal & Manges LLP, one of the world’s
leading law firms, advised Metavante Corporation, the financial technology
subsidiary of Marshall & Ilsley Corporation, in its definitive agreement
that provides for the purchase of substantially all of the stock of NYCE
Corporation for approximately $610 million in cash.
First Data Corporation is the majority shareholder of NYCE. The
transaction is subject to regulatory approvals and other customary
conditions. First Data has held NYCE as a separate unit since December
2003, pending First Data’s divestiture of its ownership share in NYCE.
Metavante Corporation is a leading provider of electronic funds transfer
(EFT) and card solutions. At the forefront of electronic payments in the
United States, NYCE Corporation provides consumers with secure, real-time
account access, 100 million times each month. First Data Corp. makes it
easy, fast and secure for people and businesses around the world to buy
goods and services, using virtually any form of payment.
Weil, Gotshal & Manges LLP is an international law firm of more than 1,100
attorneys, including approximately 300 partners. Weil Gotshal is
headquartered in New York, with offices in Austin, Boston, Brussels,
Budapest, Dallas, Frankfurt, Houston, London, Miami, Munich, Paris,
Prague, Silicon Valley, Singapore, Warsaw and Washington, D.C.
Weil, Gotshal & Manges LLP’s Team
Partners: Jeffrey J. Weinberg and Malcolm E. Landau (Corporate – New
York); John E. Scribner (Litigation/Regulatory – Washington, DC); Helyn
S. Goldstein (Tax – New York)
Associates: Danielle D. Do, Itiva Chopra and Alfredo Simon Jr. (Corporate
New York); Dale G. Nissenbaum (Litigation/Regulatory – New York);
Andrew J. Clark and Jacob S. Lee (Tax – New York)