New York regulators have moved to block Fidelity’s proposed acquisition of Stewart, recently informing the companies through a letter that the Empire State disapproves of the deal.
In a filing with the SEC, Fidelity said it and Stewart are evaluating the appropriate course of action in light of New York’s determination, which may include a discussion with the NYDFS to “better understand its concerns and respond to the letter.”
Read on for more information about NYDFS’ latest action.