- 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.
Fidelity settles with FTC over LPS purchase
Dec 24 2013, 12:17 ET