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Stock Market & Financial Investment News

News Breaks
December 24, 2013
19:59 EDTFNF, LPSLender Processing announces approvals for Fidelity National acquisition
Lender Processing Services announced that the company will have received Federal Trade Commission approval of its previously announced acquisition by Fidelity National Financial (FNF) upon the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. As part of the approval, LPS and FNF entered into an Agreement Containing Consent Orders to divest within a period of five months a copy of LPS' title plant assets covering six Oregon counties and FNF's interest in a title plant covering Portland, Oregon. There were no other asset divestitures in the FTC approval of the transaction. Upon the expiration of the waiting period, LPS will have received all necessary approvals to close this transaction, which is scheduled for Jan. 2, 2014.
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