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FIS board OKs repurchase of up to $2B shares

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JACKSONVILLE, Fla. (AP) — Fidelity National Information Services Inc.'s board has approved the repurchase of up to $2 billion of its common stock.

The repurchase program replaces a previous $1 billion buyback which had about $174 million outstanding.

The payments technology company, known as FIS, is based in Jacksonville, Fla.

Its shares finished at $48.87 on Monday. Its shares have risen more than 32 percent over the past year.

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