.
MergerLinks Header Logo

New Deal


Announced

Fidelity National Financial to acquire Stewart Information Services for $1.2bn.

Financials

Edit Data
Transaction Value£860m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Public

Friendly

real estate insurance

United States

Merger

Property and Casualty Insurance

Failed

Synopsis

Edit

Fidelity National Financial, an international provider of financial services technology and outsourcing services, agreed to acquire Stewart Information Services, a customer-driven, technology-enabled, and strategically competitive real estate information, title insurance and transaction management company, for $1.2bn. "We are excited to welcome Stewart, its employees and its customers to the FNF family," said FNF Chairman William P. Foley, II. "The venerable Stewart brand has a long and respected history in the title insurance industry and we see tremendous potential in working with the Stewart management team to invest in and grow the Stewart brand on a national basis as part of our long-time, successful strategy of operating multiple title insurance brands under the FNF umbrella."

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US