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Stewart Information Services Corp (STC.N)

STC.N on New York Stock Exchange

34.58USD
23 Aug 2019
Change (% chg)

$-0.89 (-2.51%)
Prev Close
$35.47
Open
$35.37
Day's High
$35.47
Day's Low
$34.34
Volume
42,600
Avg. Vol
35,949
52-wk High
$45.74
52-wk Low
$34.34

Latest Key Developments (Source: Significant Developments)

Stewart Information Services Reports Q1 Loss Of $0.29 Per Share
Thursday, 25 Apr 2019 06:15am EDT 

April 25 (Reuters) - Stewart Information Services Corp ::STEWART REPORTS FIRST QUARTER 2019 RESULTS.Q1 LOSS PER SHARE $0.29.Q1 EARNINGS PER SHARE ESTIMATE $-0.00 -- REFINITIV IBES DATA.STEWART INFORMATION SERVICES - WITH RESPECT TO PROPOSED MERGER WITH FNF, CONTINUE TO WORK WITH FNF TO RESPOND TO SECOND REQUEST OF FTC.FNF HAS ALSO FILED A NEW FORM A APPLICATION WITH NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES.QTRLY TOTAL REVENUES $398.5 MILLION VERSUS $437.2 MILLION.STEWART INFORMATION SERVICES - EXPECT TITLE LOSSES TO REMAIN IN RANGE OF 4.0 TO 4.2 PERCENT OF TITLE REVENUES FOR 2019.  Full Article

Stewart Information Says Confidentiality Agreements With Parties B-E On FNF Deal Contain Standstill Provisions
Friday, 24 Aug 2018 05:21pm EDT 

Aug 24 (Reuters) - Stewart Information Services::STEWART INFORMATION SERVICES - CONFIDENTIALITY AGREEMENTS ENTERED INTO WITH PARTIES B-E ON FNF DEAL CONTAIN STANDSTILL PROVISIONS - SEC FILING.STEWART INFORMATION SERVICES CORP - STANDSTILL PROVISIONS WITH PARTIES B-E ON FNF DEAL INCLUDE "DON'T ASK, DON'T WAIVE" PROVISIONS.STEWART INFORMATION SERVICES - STANDSTILL PROVISIONS WITH PARTY F ON FNF DEAL DOES NOT INCLUDE "DON'T ASK, DON'T WAIVE" PROVISIONS.  Full Article

Stewart Information Services Says Stewart Will Be Obligated To Pay Termination Fee Of $33 Mln To FNF If Merger Terminated Due To Stewart’s Board
Monday, 19 Mar 2018 09:04am EDT 

March 19 (Reuters) - Fidelity National Financial Inc ::STEWART INFORMATION SERVICES SAYS STEWART WILL BE OBLIGATED TO PAY TERMINATION FEE OF $33 MILLION TO FNF IF MERGER TERMINATED DUE TO STEWART’S BOARD.  Full Article

Stewart Agrees To Be Acquired By Fidelity National Financial In $1.2 Bln Deal
Monday, 19 Mar 2018 08:01am EDT 

March 19 (Reuters) - Fidelity National Financial Inc ::STEWART ANNOUNCES AGREEMENT TO BE ACQUIRED BY FIDELITY NATIONAL FINANCIAL.STEWART INFORMATION SERVICES CORP - CASH AND STOCK DEAL VALUED AT APPROXIMATELY $1.2 BILLION.STEWART INFORMATION - SHAREHOLDERS WILL RECEIVE $25.00 IN CASH AND 0.6425 COMMON SHARES OF FIDELITY FOR EACH SHARE OF STEWART COMMON STOCK.STEWART INFORMATION SERVICES - ‍IF DEAL IS NOT COMPLETED , FIDELITY IS REQUIRED TO PAY A REVERSE BREAK-UP FEE OF $50 MILLION TO STEWART​.  Full Article

Fidelity National Financial Announces Signing Of Merger Agreement To Acquire Stewart Information Services
Monday, 19 Mar 2018 08:00am EDT 

March 19 (Reuters) - Fidelity National Financial Inc ::FIDELITY NATIONAL FINANCIAL, INC. ANNOUNCES SIGNING OF A MERGER AGREEMENT TO ACQUIRE STEWART INFORMATION SERVICES FOR $50 PER SHARE IN COMBINATION OF CASH AND FNF COMMON STOCK.DEAL FOR ABOUT $1.2 BILLION.‍CONSIDERATION WILL BE PAID 50% IN CASH AND 50% IN FNF COMMON STOCK​.‍STEWART STOCKHOLDERS WILL HAVE OPTION TO ELECT TO RECEIVE CONSIDERATION IN ALL CASH OR ALL STOCK.‍FNF INTENDS TO ACHIEVE AT LEAST $135 MILLION IN OPERATIONAL COST SYNERGIES AS PART OF DEAL​.‍CO EXPECTS DEAL TO BE AT LEAST 15% ACCRETIVE TO PRO FORMA 2017 ADJUSTED NET EPS AT THAT OPERATIONAL COST SYNERGY TARGET​.CO INTENDS TO FUND PURCHASE PRICE THROUGH COMBINATION OF CASH ON HAND AT FNF, DEBT FINANCING, ISSUANCE OF FNF STOCK.‍PURCHASE PRICE WILL BE ADJUSTED DOWN ON PRO-RATA BASIS, IF DIVESTITURES ARE NEEDED FOR REGULATORY APPROVALS FOR DEAL​.  Full Article

Stewart Q3 earnings per share $0.46
Monday, 6 Nov 2017 06:15am EST 

Nov 6 (Reuters) - Stewart Information Services Corp ::Stewart reports third quarter 2017 results.Q3 earnings per share $0.46.Q3 revenue fell 9 percent to $501.6 million.Q3 earnings per share view $0.65 -- Thomson Reuters I/B/E/S.Stewart Information Services Corp- ‍board has previously formed strategic committee which has been pursuing strategic alternatives available to co.Stewart Information Services Corp- ‍alternatives include business combinations, sale of co, and continuing to execute on co's standalone business plan​.Stewart Information Services Corp - ‍Q3 title revenues were "adversely" affected by business disruptions caused by hurricanes Harvey and Irma​.Stewart Information Services Corp- ‍hurricanes had approximately $4 million impact in pretax profits in quarter​.Stewart Information Services Corp- ‍average employee counts for Q3 of 2017 decreased about 7 percent from Q3 of 2016​.Stewart Information Services Corp - ‍has retained and will be assisted in strategic review process by Citi as financial advisor.  Full Article