As expected, Fidelity National Financial (FNF) announces the purchase of Lender Processing...

|About: Fidelity National Financ... (FNF)|By:, SA News Editor

As expected, Fidelity National Financial (FNF) announces the purchase of Lender Processing Services (LPS) in a 50% cash, 50% stock deal valued at about $2.9B. At Friday's closing prices, this values LPS at $33.25/share. Fidelity expects the purchase to be 11.3% accretive to this year's earnings. FNF +2.7%, LPS +2.4% to $33.79 premarket (PR)