FNF to buy Lender Processing Services for $2.9 billion

Tue May 28, 2013 8:11am EDT

May 28 (Reuters) - Title insurer Fidelity National Financial Inc said it will buy mortgage services provider Lender Processing Services Inc for $2.9 billion in cash and stock.

FNF said the offer of $33.25 per LPS share represents a premium of 19 percent to the average 30-day closing price of LPS shares.