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Fidelity settles with FTC over LPS purchase

Dec. 24, 2013 12:17 PM ETFidelity National Financial, Inc. (FNF) StockFNF, LPSBy: Stephen Alpher, SA News Editor
  • The proposed settlement has Fidelity National Financial (FNF +2.5%) agreeing to sell title plant assets in six Oregon counties and an ownership interest in LPS' (LPS +1.2%) share of a jointly owned plant in the Portland area. Title plants are the databases used by abstractors, title insurers, and title insurance agents to determine the title status of real property.
  • Fidelity announced the agreement to purchase LPS in late May in a $2.9B deal.

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