Fidelity reacquires LPS for estimated $2.9 billion

Fidelity National Financial Inc. (FNF) is getting the band back together. Fidelity, the nation’s largest title insurance underwriter, and Lender Processing Services Inc., a leading provider of integrated technology, services, data and analytics to the mortgage and real estate industries, officially announced the signing of a definitive agreement under which FNF will acquire all of the outstanding common stock of LPS for $33.25 per common share, for a total equity value of approximately $2.9 billion.