Key Developments: Fidelity National Financial Inc (FNF.N)

FNF.N on New York Stock Exchange

27.97USD
23 Jul 2014
Price Change (% chg)

$0.08 (+0.29%)
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Latest Key Developments (Source: Significant Developments)

Fidelity National Financial announces quarterly cash dividend of $0.18
Tuesday, 22 Jul 2014 08:43am EDT 

Fidelity National Financial Inc:Declares a quarterly cash dividend of $0.18 per share.Payable on Sept. 30 to stockholders of record as of Sept. 16.  Full Article

Fidelity National Financial declares quarterly cash dividend
Tuesday, 29 Apr 2014 04:03pm EDT 

Fidelity National Financial Inc:Declares quarterly cash dividend of $0.18 per share.Dividend will be payable June 30, to stockholders of record as of June 16.  Full Article

Fidelity National Financial Inc announces quarterly cash dividend
Tuesday, 28 Jan 2014 04:03pm EST 

Fidelity National Financial Inc:Says the Board of Directors has declared a quarterly cash dividend of $0.18 per share.Says the dividend will be payable on Mar. 31, to stockholders of record as of Mar. 17.  Full Article

Fidelity National Financial Inc announces formation of Black Knight Financial Services
Friday, 3 Jan 2014 04:04pm EST 

Fidelity National Financial Inc:Says reorganization of the former Lender Processing Services, Inc. (LPS) businesses, the formation of a wholly-owned subsidiary called Black Knight Financial Services, Inc.Says issuance of a 35 pct interest in each of Black Knight's two operating subsidiaries, ServiceLink Holdings, LLC and Black Knight Financial Services, LLC , to funds affiliated with Thomas H. Lee Partners, L.P. and certain related entities.Says Black Knight, through ServiceLink and BKFS, now owns and operates the former LPS businesses and FNF's ServiceLink business.  Full Article

Fidelity National Financial Inc announces closing of Lender Processing Services, Inc acquisition
Thursday, 2 Jan 2014 04:24pm EST 

Fidelity National Financial Inc:Says the closing of its acquisition of Lender Processing Services, Inc.Says total consideration paid for a share of LPS common stock will be $37.14.Says consideration paid for a share consisting of $28.10 in cash and $9.04 in FNF common stock, with the value of the stock component calculated as the product of the average FNF common stock price of $31.459 and the Exchange Ratio of 0.28742.Says it will issue about 25.9 million shares of its common stock to former LPS stockholders as the stock component of the total consideration.  Full Article

Fidelity National Financial Inc Announces Chief Executive Officer and President Transition
Friday, 8 Nov 2013 08:43am EST 

Fidelity National Financial Inc announced that the Chief Executive Officer George P. Scanlon will be transitioning from that role effective December 7, 2013. Additionally, current President, Raymond R. (Randy) Quirk has been named the company's new Chief Executive Officer and Brent B. Bickett, Executive Vice President, Corporate Finance has been named the Company's President, both effective December 7, 2013.  Full Article

Fidelity National Financial Inc Announces Adjustment To The Consideration Mix In the Acquisition of Lender Processing Services Inc
Friday, 25 Oct 2013 08:10am EDT 

Fidelity National Financial, Inc announced that it was exercising its option to further adjust the consideration mix in the previously announced merger with Lender Processing Services, Inc by increasing the cash component of the total consideration by approximately $511 million and correspondingly decreasing the stock component of the total consideration by an equal amount. The total consideration will be unchanged. Based on the announcement, FNF will pay approximately 82% of the total consideration for the LPS shares of common stock in cash and 18% in shares of FNF common stock, subject to adjustment as described in the definitive agreement and below. On May 28, 2013, FNF signed a definitive agreement under which FNF will acquire all of the outstanding stock of LPS for $33.25 per common share, for a total equity value of approximately $2.9 billion. The consideration was to be paid 50% in cash and 50% in common stock of FNF.  Full Article

Fidelity National Financial Inc Announces Pricing for Public Offering of Common Stock
Thursday, 24 Oct 2013 05:58pm EDT 

Fidelity National Financial Inc announced that it has priced its offering of 17,250,000 shares of its common stock at a price of $26.75 per share. The Company has granted the underwriters a 30-day option to purchase 2,587,500 additional shares at the offering price. The offering is expected to close on October 30, 2013, subject to customary closing conditions. BofA Merrill Lynch and J.P. Morgan are the joint book-running managers, with Barclays, Dowling & Partners Securities, LLC, Jefferies LLC, Keefe, Bruyette & Woods, A Stifel Company, Piper Jaffray, Stephens Inc. and Wells Fargo Securities serving as co-managers. The net proceeds from this offering will be used to pay a portion of the cash consideration for the previously announced merger with Lender Processing Services, Inc. If the Company does not consummate the merger, the net proceeds will be used for general corporate purposes, which may include the repurchase of shares of its common stock.  Full Article

Fidelity National Financial Inc Announces Plans For Public Offering Of Common Stock
Wednesday, 23 Oct 2013 04:04pm EDT 

Fidelity National Financial, Inc announced that it plans to make a public offering of approximately $400 million of shares of its common stock. The offering will be made under the Company's effective shelf registration filed with the Securities and Exchange Commission covering the issuance from time to time of various securities of the Company. The net proceeds from this offering will be used to pay a portion of the cash consideration for the previously announced merger with Lender Processing Services, Inc. If the company does not consummate the merger, the net proceeds will be used for general corporate purposes, which may include the repurchase of shares of its common stock. BofA Merrill Lynch and J.P. Morgan will serve as joint book-running managers, with Barclays, Dowling & Partners Securities, LLC, Jefferies LLC, Keefe, Bruyette & Woods, A Stifel Company, Piper Jaffray, Stephens Inc. and Wells Fargo Securities serving as co-managers. The underwriters will be granted an option to purchase additional common stock equal to 15% of the amount of shares offered.  Full Article

Fidelity National Financial Inc Announces 12.5% Increase In Quarterly Cash Dividend Of $0.18
Wednesday, 23 Oct 2013 04:03pm EDT 

Fidelity National Financial Inc announced that its Board of Directors has declared an increased quarterly cash dividend of $0.18 per share, an increase of 12.5% from the previous quarterly dividend of $0.16. The dividend will be payable December 30, 2013, to stockholders of record as of December 16, 2013.  Full Article

Fitch Affirms Fidelity National Financial's Ratings; Outlook Stable

(The following statement was released by the rating agency) CHICAGO, June 03 (Fitch) Fitch Ratings has affirmed Fidelity National Financial, Inc.'s (FNF) Issuer Default Rating (IDR) at 'BBB-' and senior unsecured debt at 'BB+'. Fitch has also affirmed the Insurer Financial Strength (IFS) of FNF's title insurance companies at 'BBB+.' The Rating Outlook is Stable. A complete list of rating actions follows at the end of this release. KEY RATING DRIVERS The affirmation reflects FNF's market-l

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