Fidelity National Financial

Black Knight Announces Acquisition of Compass Analytics, a Leading Provider of Secondary Market Capabilities

Retrieved on: 
Thursday, September 12, 2019

Black Knight's acquisition of Compass Analytics will expand its technology footprint in capital markets, improving connectivity between mortgage originators, investors and servicers.

Key Points: 
  • Black Knight's acquisition of Compass Analytics will expand its technology footprint in capital markets, improving connectivity between mortgage originators, investors and servicers.
  • The acquisition also adds MSR valuation capabilities to Black Knight solutions, including integration to Applied Financial Technology (AFT) data models, and establishes, end-to-end connectivity and pricing from originators to investors.
  • "Both Black Knight and Compass Analytics are focused on developing innovative technologies that give enhanced functionality and value to our customers, so integrating our two companies was a natural fit," said Black Knight CEO Anthony Jabbour.
  • Black Knight undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Ceridian Announces Australian Executive Summits in Sydney and Melbourne

Retrieved on: 
Wednesday, September 11, 2019

The Sydney Executive Summit will be held on September 16, 2019 at the Park Hyatt Sydney, and the Melbourne Executive Summit will be held on September 18, 2019 at the Grand Hyatt Melbourne.

Key Points: 
  • The Sydney Executive Summit will be held on September 16, 2019 at the Park Hyatt Sydney, and the Melbourne Executive Summit will be held on September 18, 2019 at the Grand Hyatt Melbourne.
  • These Summits follow Ceridians April launch of Dayforce Payroll in Australia , and the recent agreement to acquire Australian workforce management provider, RITEQ 1.
  • Both announcements serve as key milestones in Ceridians global expansion strategy, positioning Ceridian as a leading HCM provider in the region.
  • To attend an Australian Executive Summit, visit the registration pages for the Sydney Executive Summit and the Melbourne Executive Summit .

Statement of Bruce Hoffman, Director of FTC’s Bureau of Competition, on Fidelity National Financial, Inc.’s Decision to Drop Proposed Acquisition of Stewart Information Services Corporation

Retrieved on: 
Tuesday, September 10, 2019

Following todays announcement by Fidelity National Financial, Inc., Bureau of Competition Director Bruce Hoffman made this statement:

Key Points: 
  • Following todays announcement by Fidelity National Financial, Inc., Bureau of Competition Director Bruce Hoffman made this statement:

    Todays announcement from Fidelity National Financial, Inc. and Stewart Information Services Corporation that they will abandon their proposed transaction is good news for everyone who requires title insurance when purchasing real estate in the United States.

  • These customers will continue to benefit from vigorous competition for title insurance underwriting and title information services.
  • You can learn more about how competition benefits consumers or file an antitrust complaint.
  • Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.

Statement of Bruce Hoffman, Director of FTC’s Bureau of Competition, on Fidelity National Financial, Inc.’s Decision to Drop Proposed Acquisition of Stewart Information Services Corporation

Retrieved on: 
Tuesday, September 10, 2019

Following todays announcement by Fidelity National Financial, Inc., Bureau of Competition Director Bruce Hoffman made this statement:

Key Points: 
  • Following todays announcement by Fidelity National Financial, Inc., Bureau of Competition Director Bruce Hoffman made this statement:

    Todays announcement from Fidelity National Financial, Inc. and Stewart Information Services Corporation that they will abandon their proposed transaction is good news for everyone who requires title insurance when purchasing real estate in the United States.

  • These customers will continue to benefit from vigorous competition for title insurance underwriting and title information services.
  • You can learn more about how competition benefits consumers or file an antitrust complaint.
  • Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.

Stewart Information Services Announces Termination of Merger Agreement with Fidelity National Financial

Retrieved on: 
Tuesday, September 10, 2019

Stewart Information Services Corporation (NYSE: STC) (Stewart) today announced the mutual termination of its merger agreement with Fidelity National Financial, Inc. (NYSE: FNF) (Fidelity) after not obtaining the necessary approval by the U.S. Federal Trade Commission (FTC).

Key Points: 
  • Stewart Information Services Corporation (NYSE: STC) (Stewart) today announced the mutual termination of its merger agreement with Fidelity National Financial, Inc. (NYSE: FNF) (Fidelity) after not obtaining the necessary approval by the U.S. Federal Trade Commission (FTC).
  • In connection with the termination of the merger agreement, Fidelity has agreed to pay a $50 million reverse termination fee to Stewart that was contemplated by the merger agreement.
  • Stewart Information Services Corporation (NYSE:STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers and family of companies.
  • More information is available at the Company's website at stewart.com, or you can subscribe to the Stewart blog at blog.stewart.com, or follow Stewart on Twitter @stewarttitleco.

FTC Challenges Proposed $1.2 Billion Merger of Title Insurance Providers Fidelity National Financial, Inc. and Stewart Information Services Corporation

Retrieved on: 
Friday, September 6, 2019

FTC Challenges Proposed $1.2 Billion Merger of Title Insurance Providers Fidelity National Financial, Inc. and Stewart Information Services CorporationTitle insurance protects customers and lenders in real estate transactions from financial loss that results from defects in the propertys title.

Key Points: 

FTC Challenges Proposed $1.2 Billion Merger of Title Insurance Providers Fidelity National Financial, Inc. and Stewart Information Services Corporation

    • Title insurance protects customers and lenders in real estate transactions from financial loss that results from defects in the propertys title.
    • Most real estate transactions in the United States involve financing from a lender, and because most lenders require title insurance, nearly every real estate transaction in the United States includes a title insurance policy.
    • Fidelity and Stewart are two of the four largest title insurance underwriters in the United States, along with First American Title Insurance Company and Old Republic National Title Insurance Company.
    • On a national level, the Big 4 account for more than 85 percent of all title insurance sales, and after the merger, the combined Fidelity-Stewart would have more than 43 percent of sales nationwide.
    • According to the complaint, Fidelity is the largest of the Big 4, having gained that position through a series of acquisitions.
    • Competitive title insurance and title information markets are essential to providing Americans affordable and high-quality title insurance products, said Bureau of Competition Director Bruce Hoffman.
    • Local Markets for Title Information Services Fidelity and Stewart also own extensive, overlapping networks of title plants databases of detailed information about the chain of title to individual properties, indexed to facilitate efficient title searches for underwriting purposes.
    • Access to the information in these title plants also called title information services is essential for issuance of title insurance policies in many local markets throughout the United States.

FTC Challenges Proposed $1.2 Billion Merger of Title Insurance Providers Fidelity National Financial, Inc. and Stewart Information Services Corporation

Retrieved on: 
Friday, September 6, 2019

FTC Challenges Proposed $1.2 Billion Merger of Title Insurance Providers Fidelity National Financial, Inc. and Stewart Information Services CorporationTitle insurance protects customers and lenders in real estate transactions from financial loss that results from defects in the propertys title.

Key Points: 

FTC Challenges Proposed $1.2 Billion Merger of Title Insurance Providers Fidelity National Financial, Inc. and Stewart Information Services Corporation

    • Title insurance protects customers and lenders in real estate transactions from financial loss that results from defects in the propertys title.
    • Most real estate transactions in the United States involve financing from a lender, and because most lenders require title insurance, nearly every real estate transaction in the United States includes a title insurance policy.
    • Fidelity and Stewart are two of the four largest title insurance underwriters in the United States, along with First American Title Insurance Company and Old Republic National Title Insurance Company.
    • On a national level, the Big 4 account for more than 85 percent of all title insurance sales, and after the merger, the combined Fidelity-Stewart would have more than 43 percent of sales nationwide.
    • According to the complaint, Fidelity is the largest of the Big 4, having gained that position through a series of acquisitions.
    • Competitive title insurance and title information markets are essential to providing Americans affordable and high-quality title insurance products, said Bureau of Competition Director Bruce Hoffman.
    • Local Markets for Title Information Services Fidelity and Stewart also own extensive, overlapping networks of title plants databases of detailed information about the chain of title to individual properties, indexed to facilitate efficient title searches for underwriting purposes.
    • Access to the information in these title plants also called title information services is essential for issuance of title insurance policies in many local markets throughout the United States.

 FTC Files Lawsuit to Block Proposed Merger Between Stewart Information Services and Fidelity National Financial

Retrieved on: 
Friday, September 6, 2019

Stewart Information Services Corporation (NYSE: STC) (Stewart or the Company) today announced that U.S. Federal Trade Commission (FTC) notified the Company today that it has filed a lawsuit to block Stewarts proposed merger agreement with Fidelity National Financial, Inc. (NYSE: FNF) (Fidelity).

Key Points: 
  • Stewart Information Services Corporation (NYSE: STC) (Stewart or the Company) today announced that U.S. Federal Trade Commission (FTC) notified the Company today that it has filed a lawsuit to block Stewarts proposed merger agreement with Fidelity National Financial, Inc. (NYSE: FNF) (Fidelity).
  • We will communicate our next steps to our stakeholders in the near future as soon as this review is complete.
  • Stewart Information Services Corporation (NYSE:STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers and family of companies.
  • More information is available at the Company's website at stewart.com, or you can subscribe to the Stewart blog at blog.stewart.com, or follow Stewart on Twitter @stewarttitleco.

Fidelity National Financial, Inc. Announces FTC Administrative Complaint Challenging the Proposed Merger with Stewart Information Services Corporation

Retrieved on: 
Friday, September 6, 2019

JACKSONVILLE, Fla., Sept. 6, 2019 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) today announced that the Federal Trade Commission ("FTC") has issued an administrative complaint seeking to block FNF's previously announced proposed merger with Stewart Information Services Corporation.

Key Points: 
  • JACKSONVILLE, Fla., Sept. 6, 2019 /PRNewswire/ -- Fidelity National Financial, Inc. (NYSE: FNF) today announced that the Federal Trade Commission ("FTC") has issued an administrative complaint seeking to block FNF's previously announced proposed merger with Stewart Information Services Corporation.
  • FTC commissioners voted 3-to-1 to authorize staff to file the lawsuit.
  • Statements that are not historical facts, including statements regarding our expectations, hopes, intentions or strategies regarding the future are forward-looking statements.
  • Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management.

Fidelity National Financial, Inc. to Present at Barclays 2019 Global Financial Services Conference

Retrieved on: 
Thursday, September 5, 2019

JACKSONVILLE, Fla., Sept. 5, 2019 /PRNewswire/ --Fidelity National Financial, Inc. (NYSE:FNF) today announced that it will present at the Barclays 2019 Global Financial Services Conference at 2 p.m. Eastern Time on Tuesday, September 10, 2019.

Key Points: 
  • JACKSONVILLE, Fla., Sept. 5, 2019 /PRNewswire/ --Fidelity National Financial, Inc. (NYSE:FNF) today announced that it will present at the Barclays 2019 Global Financial Services Conference at 2 p.m. Eastern Time on Tuesday, September 10, 2019.
  • Fidelity National Financial, Inc. is a leading provider of title insurance and transaction services to the real estate and mortgage industries.
  • Statements that are not historical facts, including statements regarding our expectations, hopes, intentions or strategies regarding the future are forward-looking statements.
  • We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.