Fidelity National to Buy LPS in $2.9 Billion Deal - Bloomberg

Fidelity National to Buy LPS in $2.9 Billion Deal - Bloomberg: Fidelity National Financial Inc. (FNF), the largest U.S. title insurer, agreed to acquire its former unit, Lender Processing Services Inc. (LPS), to expand in the business of providing and analyzing mortgage data.
The cash-and-stock deal values LPS at $33.25 per common share, or about $2.9 billion, Jacksonville, Florida-based Fidelity National said today in a statement. LPS, also based in Jacksonville, closed at $29.11 on May 22, before it was first reported that Fidelity National was in talks to acquire the firm.

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