Ademi LLP investigates Fiserv for breach of fiduciary duties

0 min read     Updated on 02 Jul 2026, 03:05 PM
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Anirudha BScanX News Team
AI Summary

Ademi LLP is investigating Fiserv for potential breach of fiduciary duties following the resignation of CEO Michael P. Lyons on June 15, 2026. The firm is examining whether the board has fulfilled its obligations to shareholders amid recent lawsuits and announcements.

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Ademi LLP is investigating potential breach of fiduciary duty claims against Fiserv. The investigation focuses on whether the board of Fiserv has breached its fiduciary duties to shareholders. This scrutiny follows recent announcements and lawsuits involving the company.

On June 15, 2026, Fiserv announced that its CEO and board member Michael P. Lyons was resigning effective immediately. Ademi LLP's inquiry results from this announcement and subsequent legal actions. The law firm specializes in securities fraud and shareholder litigation.

Shareholders affected by these developments are invited to participate in the investigation. Ademi LLP has provided contact details for those seeking additional information or wishing to join the proceedings. There is no cost or obligation to participate.

Entity Role
Ademi LLP Investigating Firm
Fiserv Company Under Investigation
Michael P. Lyons Former CEO and Board Member

The investigation aims to determine if the board's actions have harmed shareholder value. Ademi LLP emphasizes that prior results do not guarantee similar outcomes in this matter.

What specific factors led to the immediate resignation of CEO Michael P. Lyons?

How might this investigation impact Fiserv's stock performance in the coming quarters?

Will the board undergo restructuring or leadership changes as a result of the scrutiny?

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Fiserv accepts $1.33 billion in tender offers for senior notes

1 min read     Updated on 24 Jun 2026, 03:56 PM
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Riya DScanX News Team
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Fiserv announced the expiration and results of its tender offers for its 5.150% Senior Notes due 2027 and 4.400% Senior Notes due 2049. The company accepted an aggregate principal amount of $1,330,795,000, with consideration set at $1,005.65 and $797.61 per $1,000 principal amount for the 2027 and 2049 Notes, respectively. The settlement is expected on June 26, 2026.

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Fiserv accepted $1,330,795,000 aggregate principal amount of its outstanding 5.150% Senior Notes due 2027 and 4.400% Senior Notes due 2049 following the expiration of its tender offers. The offers expired at 5:00 p.m., New York City time, on June 23, 2026. The company intends to pay the consideration plus accrued and unpaid interest on the Settlement Date, which is expected to be June 26, 2026. This move allows Fiserv to manage its debt obligations effectively by repurchasing a significant portion of its long-term liabilities.

According to information provided by Global Bondholder Services Corporation, the Tender and Information Agent, the total amount tendered excludes $22,771,000 aggregate principal amount of Notes reflected in Notices of Guaranteed Delivery. These notes remain subject to performance of the delivery requirements under the Guaranteed Delivery Procedures. The consideration for each $1,000 principal amount of Notes accepted for purchase is $1,005.65 for the 2027 Notes and $797.61 for the 2049 Notes.

Tender Offer Results

The table below details the aggregate principal amounts tendered and outstanding for each series of Notes:

Title of Security CUSIP No. / ISIN No. Aggregate Principal Amount Outstanding Aggregate Principal Amount Tendered Principal Amount Reflected in Notices of Guaranteed Delivery
5.150% Senior Notes due 2027 337738 BJ6 / US337738BJ60 $750,000,000 $516,181,000 $1,801,000
4.400% Senior Notes due 2049 337738 AV0 / US337738AV08 $2,000,000,000 $814,614,000 $20,970,000

Interest will cease to accrue on the Settlement Date for all Notes accepted for purchase, including those tendered pursuant to the Guaranteed Delivery Procedures. To be accepted for purchase, Notes reflected in Notices of Guaranteed Delivery must be validly tendered using the Guaranteed Delivery Procedures by 5:00 p.m., New York City time, on June 25, 2026.

Dealer Managers and Information Agent

Citigroup Global Markets Inc., J.P. Morgan Securities LLC, TD Securities (USA) LLC, and Wells Fargo Securities, LLC are acting as the lead dealer managers for the tender offers. Global Bondholder Services Corporation is the tender and information agent. Investors with questions regarding the tender offers may contact the lead dealer managers or the information agent using the details provided in the Offer to Purchase.

How will this debt repurchase impact Fiserv's credit ratings and future borrowing costs?

Does Fiserv plan to issue new debt to refinance remaining liabilities or fund other corporate initiatives?

What does the high participation rate in the 2049 Notes suggest about investor confidence in Fiserv's long-term strategy?

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