{"id":659769,"date":"2013-05-23T06:58:42","date_gmt":"2013-05-23T10:58:42","guid":{"rendered":"https:\/\/www.pehub.com\/?p=221228"},"modified":"2013-05-23T06:58:42","modified_gmt":"2013-05-23T10:58:42","slug":"insurer-buyout-firm-in-talks-to-buy-lender-processing-source","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/659769","title":{"rendered":"Insurer, Buyout Firm in Talks to Buy Lender Processing: Source"},"content":{"rendered":"

Title insurer Fidelity National Financial Inc<\/strong> and buyout firm Thomas H. Lee Partners<\/strong> are in advanced talks to acquire mortgage service provider Lender Processing Services Inc,<\/strong> Reuters reports.<\/p>\n

(Reuters) – Title insurer Fidelity National Financial Inc (FNF.N: Quote, Profile, Research, Stock Buzz) and buyout firm Thomas H. Lee Partners are in advanced talks to acquire mortgage service provider Lender Processing Services Inc (LPS.N: Quote, Profile, Research, Stock Buzz), a source familiar with the matter said.<\/p>\n

The deal, worth about $2.9 billion, would value Lender Processing shares at around $33 per share, the Wall Street Journal reported earlier on Wednesday, citing people familiar with the matter.<\/p>\n

The buyers would pay with a mix of cash and Fidelity National Financial stock, the paper said, adding that Thomas H. Lee would hold a 19.9 percent stake in Lender Processing.<\/p>\n

The deal could be announced as soon as early next week, the source told Reuters.<\/p>\n

Fidelity National and Lender Processing Services were not immediately available for comment. Thomas H. Lee declined to comment.<\/p>\n

If the deal is completed, Lender Processing Services would become a subsidiary of Fidelity National Financial, the Wall Street Journal said.<\/p>\n

Shares of Lender Processing closed down 3.2 percent at $29.11 on Wednesday on the New York Stock Exchange, while those of Fidelity National Financial were down 4 percent at $24.37.<\/p>\n

The post Insurer, Buyout Firm in Talks to Buy Lender Processing: Source<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Title insurer Fidelity National Financial Inc and buyout firm Thomas H. Lee Partners are in advanced talks to acquire mortgage service provider Lender Processing Services Inc, Reuters reports. (Reuters) – Title insurer Fidelity National Financial Inc (FNF.N: Quote, Profile, Research, Stock Buzz) and buyout firm Thomas H. Lee Partners are in advanced talks to acquire […]<\/p>\n","protected":false},"author":7428,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-659769","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/659769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7428"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=659769"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/659769\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=659769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=659769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=659769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}