The “Big Four” title insurance players are about to become the Big Three. Industry heavyweight Fidelity National Financial has signed an agreement to buy rival Stewart Information Services Corp. for $1.2 billion in cash and stock, the company said Monday. Pending shareholder and regulatory approval, the deal could close by the second quarter of 2019. If approved, Fidelity will emerge as the nation’s largest title company several times over. Before the merger, it reported $7.2 […]
source https://therealdeal.com/2018/03/19/big-four-no-more-fidelity-to-pay-1-2b-for-rival-stewart/
No comments:
Post a Comment