Fidelity National Financial has closed on its purchase of Lender Processing Services, the company says in a press release issued after the stock market closed on Thursday.
Total compensation for LPS is $37.14 per share, consisting of $28.10 in cash and $9.04 in FNF common stock, the title insurer had said on Monday. LPS closed on Thursday at $37.30 per share, down $0.08 from Tuesday. FNF closed at $32.25 per share, down $0.20. It lost an additional $0.15 per share in after-hours trading before the LPS announcement was released.
FNF will issue approximately 25.9 million shares of its common stock to former LPS stockholders.
At the time
On Dec. 24, the