Market Expects Rumored Lender Processing Services (LPS) Buyout to Go Smoothly
Tweet
Share
E-mailGet Alerts LPS Hot Sheet
Join SI Premium – FREE
Shares of Lender Processing Services, Inc. (NYSE: LPS) opened higher on Thursday, a move tied to reports yesterday evening in WSJ claiming Fidelity National Financial and Thomas H. Lee Partners was in advanced talks to buy the lender.
The purchase price is said to be $2.9 billion, said WSJ, citing sources. This would value Lender Processing Services, Inc. at roughly $33/share. Given today's impressive rally to $32.70, investors are obviously giving the report credence. A deal is expected to be announced next week.
The purchase price is said to be $2.9 billion, said WSJ, citing sources. This would value Lender Processing Services, Inc. at roughly $33/share. Given today's impressive rally to $32.70, investors are obviously giving the report credence. A deal is expected to be announced next week.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bernstein on whether Hershey (HSY) could eventually step up to buy Mondelez (MDLZ)
- TMCR raises $165M to acquire additional Mesabi iron ore royalty
- LivePerson extends special meeting deadline for SoundHound AI merger vote
Create E-mail Alert Related Categories
Mergers and Acquisitions, RumorsRelated Entities
Thomas H. Lee PartnersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
