Fidelity National Financial, a provider of title insurance and closing and settlement services, completed the acquisition of FGL Holdings, a provider of fixed indexed annuities and life insurance, for $12.50 per share, representing an equity value of c. $2.7bn and an additional $550m of debt. "We are excited to have closed the acquisition of F&G ahead of schedule and are thrilled to welcome F&G's employees and policyholders into the FNF family. The F&G brand has a long and respected history in the life insurance and annuity industries. The acquisition of F&G offers FNF entry to an industry that is counter-cyclical to FNF's title insurance business. FNF's size, scale, and financial strength provides F&G with strategic advantages to grow and capitalize on incremental organic and inorganic growth opportunities," William P. Foley, II, FNF Chairman.