Fidelity National announces exchange ratio for LPS purchase

The exchange ratio of 0.28742 is based on the average Fidelity National (FNF) price of $31.459 over the past ten sessions. At that level, total consideration to Lender Processing Services (LPS) shareholders will be $37.14 per share - $28.10 in cash and $9.04 in FNF common stock.

Fidelity's shares are currently at $32.59.

Closing is scheduled for January 2.

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