Key Developments: Fidelity National Financial Inc (FNF)
24.37USD
22 May 2013
$-1.13 (-4.43%)
$25.50
$25.46
$25.64
$24.13
3,824,785
2,017,443
$27.00
$18.07
Latest Key Developments (Source: Significant Developments)
Fidelity National Financial Inc Announces Quarterly Cash Dividend Of $0.16
Fidelity National Financial Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per share. The dividend will be payable June 28, 2013, to stockholders of record as of June 14, 2013. Full Article
Fidelity National Financial Inc Announces Quarterly Cash Dividend Of $0.16
Fidelity National Financial Inc announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per share. The dividend will be payable March 29, 2013, to stockholders of record as of March 15, 2013. Full Article
Digital Insurance Finalizes Acquisition By Fidelity National Financial Inc
Digital Insurance Inc. announced the completion of its acquisition by Fidelity National Financial Inc which will allow Digital to accelerate and broaden its market position in the employee benefits arena. As the industry struggles to adapt to new health care reform legislation, Digital has proven to be a front-runner in advisory services and health care reform education for businesses, as well as individuals and families around the nation. Full Article
Fidelity National Financial Inc Announces Acquisition of Digital Insurance, Inc.
Fidelity National Financial Inc announced the acquisition of Digital Insurance, Inc. The employee benefits platform specializing in health insurance distribution and benefits management for small and mid-sized businesses. Digital manages more than 20,000 employer clients, 250 broker partnerships and more than $1 billion in annual premiums. Full Article
Fidelity National Financial Inc Announces 14% Increase In Quarterly Cash Dividend To $0.16
Fidelity National Financial Inc announced that its Board of Directors has declared an increased quarterly cash dividend of $0.16 per share, an increase of 14% from the previous quarterly cash dividend of $0.14. The dividend will be payable December 28, 2012, to stockholders of record as of December 14, 2012. Full Article
Fidelity National Financial Inc and J Alexander's Corp Announce Completion of Merger of Subsidiary
Fidelity National Financial Inc (FNF) and J Alexander's Corp announced the completion of the merger of FNF's indirect wholly owned subsidiary, New Athena Merger Sub Inc (Merger Sub), with and into J. Alexander's. At the effective time of the merger, each share of J. Alexander`s common stock outstanding immediately prior to the effective time of the merger that was not accepted for payment pursuant to Merger Sub`s tender offer for J. Alexander`s common stock (other than shares held by J. Alexander`s or Merger Sub, which shares were cancelled without any conversion) converted into the right to receive the same $14.50 per share in cash, without interest and less any applicable withholding taxes, that was paid in the tender offer. Full Article
Fidelity National Financial Inc And J. Alexander’s Corporation Agrees On Increased Offer Price Of $14.50 Per Share
Fidelity National Financial Inc and J. Alexander's Corporation announced an amendment to the Amended and Restated Agreement and Plan of Merger, dated July 30, 2012, by and among J. Alexander’s, Fidelity National Financial, Inc. and certain affiliates of Fidelity. Pursuant to the amendment, Fidelity agreed to increase its offer price from $13.00 per share to $14.50 per share and will extend the offer for at least 10 business days until September 19, 2012. In connection with the increased offer, J. Alexander’s agreed to increase the termination fee payable by J. Alexander’s to Fidelity in certain circumstances under the merger agreement from $2,159,725 to $3,800,000. The amendment to the merger agreement has been unanimously approved by the J. Alexander’s board of directors and that the Company’s Board recommends that J. Alexander’s shareholders tender their shares into Fidelity's tender offer. Full Article
Fidelity National Financial Inc Closes Issuance Of $400 Million of 5.50% Notes Due September 1, 2022
Fidelity National Financial Inc announced that it has closed its issuance of $400 million of its 5.50% Notes due September 1, 2022, through joint book-running managers Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC. The notes were priced at 99.513% of their principal amount to yield 5.564% per annum. The notes will pay interest semi-annually on the 1st of March and September, beginning March 1, 2013, and mature on September 1, 2022. Jefferies & Company, Inc., Stephens Inc., Dowling & Partners Securities, LLC and Keefe, Bruyette & Woods, Inc. acted as co-managers. On September 28, 2012, FNF will use the net proceeds of the issuance of the notes to fund the repayment of the $236.5 million aggregate principal amount outstanding of FNF's 5.25% unsecured notes, which have a stated maturity of March 2013. FNF will use the remainder of the net proceeds of the issuance of the notes for general corporate purposes. Full Article
Fidelity National Financial Inc Prices $400 Million of 5.50% Notes Due September 1, 2022
Fidelity National Financial Inc announced that it has priced an issuance of $400 million of its 5.50% Notes due September 1, 2022, through joint book-running managers Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC. The notes were priced at 99.513 to yield 5.564%. The notes will pay interest semi-annually on the 1st of March and September, beginning March 1, 2013, and mature on September 1, 2022. Jefferies & Company, Inc., Stephens Inc., Dowling & Partners Securities, LLC and Keefe, Bruyette & Woods, Inc. acted as co-managers. The net proceeds of the issuance of the notes will be used to fund the repayment of the $236.5 million aggregate principal amount outstanding of FNF's 5.25% unsecured notes maturing in March 2013 and the remainder for general corporate purposes. Full Article
Fidelity National Financial, Inc.'s New Athena Merger Sub, Inc. Commences Tender Offer For All Outstanding Shares Of J. Alexander's
Fidelity National Financial, Inc. announced the commencement of an all cash tender offer through its indirect wholly-owned subsidiary, New Athena Merger Sub, Inc. (New Athena), for all of the outstanding shares of common stock of J. Alexander's Corporation (J. Alexander's) for $13.00 per share, net to the seller in cash, without interest and less any required withholding taxes. The tender offer is being made pursuant to an Offer to Purchase, dated August 6, 2012, and in connection with the previously announced Amended and Restated Agreement and Plan of Merger, dated July 30, 2012, among FNF, Fidelity Newport Holdings, LLC (for the limited purposes set forth therein), American Blue Ribbon Holdings, Inc. (for the limited purposes set forth therein), Athena Merger Sub, Inc. (for the limited purposes set forth therein), New Athena and J. Alexander's. The tender offer is scheduled to expire at New York City time, on September 5, 2012, unless the tender offer is extended. The closing of the tender offer is conditioned on the tender of a number of J. Alexander's shares that represents at least a majority of the total number of J. Alexander's shares outstanding on a fully diluted basis and other customary closing conditions. Full Article
Fidelity National profit beats estimates on higher title insurance premium
Feb 19 - Fidelity National Financial Inc's quarterly profit beat estimates as it earned more premium from its title insurance business.
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