Blackstone Group LP (BX.N), TPG Capital LP TPG.UL and Thomas H. Lee Partners were in talks to buy the company, sources familiar with the situation previously told Reuters.
Fidelity's board had wanted a substantial increase in the price that the consortium was not prepared to meet, the source said. The exact price the board wanted was not revealed.
A leveraged buyout for Fidelity could have been worth around $15 billion, a source previously told Reuters, or about $32 a share. Fidelity, valued at around $11 billion, has $3 billion of debt, according to its latest quarterly report.
The payment processing company said in a statement earlier on Monday that its board, through a special committee advised by Goldman Sachs (GS.N), was evaluating strategic alternatives.
Those included a potential leveraged buyout opportunity that was proposed or a leveraged recapitalization with a share repurchase, it said.
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