Micro General's Board Recommends FNIS Tender Offer

SANTA ANA, CA-Micro General Corp.’s board of directors is recommending that the company’s stockholders approve a tender offer made on May 30, 2002 by Fidelity Information Solutions Inc. The recommendation has already been formalized, as Santa Ana-based Micro General has filed a Solicitation/Recommendation Statement on Schedule 14D-9 with the Securities and Exchange Commission.

If Fidelity National’s offer is accepted, each share of MGEN common stock will be exchanged for 0.696 shares of FNIS common stock. In turn, Micro General will become a subsidiary of Fidelity National. According to a recently released company statement, “the tender offer is scheduled to expire at 5 p.m., New York City time, on Friday, June 28, 2002, unless extended, and expected to be followed by a merger in which MGEN will become a wholly owned subsidiary of FNIS.”

Both Micro General and Fidelity National are majority-owned subsidiaries of Fidelity National Financial Inc. Therefore, MGEN’s board of directors appointed a special committee of independent directors to evaluate the tender offer. The board is now recommending the FNIS offer based on the advice of that committee.