Fidelity settles with FTC over LPS purchase

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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