FNF To Acquire Lender Processing Services For $2.9B

Fidelity National Financial Inc (NYSE:FNF) agreed today to acquire Lender Processing Services, Inc. (NYSE:LPS) for about $2.9 billion. Fidelity National Financial Acquisition Details Title insurance, mortgage services and diversified services company, Fidelity National Financial Inc (NYSE:FNF) would acquire all the outstanding common stock of the mortgage and real estate data and analytics company, Lender Processing Services for $33.25 per common share. The definitive agreement announced today disclosed that Fidelity National Financial would pay 50 percent of the consideration for Lender Processing Services, Inc. (NYSE:LPS) shares of common stock in cash while the balance through Fidelity National Financial common stock. The purchase price announced today  represents a premium…