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Provider: Stock Traders Daily
Provider: Stock Traders Daily
Provider: Pechala's Reports
Provider: Reuters Investment Profile

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Fidelity National Financial Inc and Thomas H. Lee Partners In Talks To Buy Lender Processing Services Inc-Reuters

Wednesday, 22 May 2013 08:51pm EDT 

Reuters reported that Fidelity National Financial Inc and buyout firm Thomas H. Lee Partners are in advanced talks to acquire Lender Processing Services Inc. The deal, worth about $2.9 billion, would value Lender Processing shares at around $33 per share, the Wall Street Journal reported. The buyers would pay with a mix of cash and Fidelity National Financial stock, the paper said, adding that Thomas H. Lee would hold a 19.9% stake in Lender Processing. The deal could be announced as soon as early next week. Fidelity National and Lender Processing Services were not immediately available for comment. Thomas H. Lee declined to comment. If the deal is completed, Lender Processing Services would become a subsidiary of Fidelity National Financial, the Wall Street Journal said. 

Company Quote

-0.52 -1.46%
30 Jan 2015