Stewart plans public offering of 1.9 million common shares

Stewart Information Services Corporation (NYSE: STC) announced it has commenced an underwritten public offering of 1,900,000 shares of common stock. The company also intends to grant underwriters a 30-day option to purchase up to an additional 285,000 shares.

Goldman Sachs & Co. LLC is serving as lead book-running manager for the offering, with Citizens Capital Markets acting as book-running manager. Dowling & Partners Securities, LLC, Keefe, Bruyette & Woods, and Stephens Inc. are serving as co-managers.

The offering is subject to market and other conditions, and the company stated there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.

A registration statement relating to the securities has been filed with the Securities and Exchange Commission and became automatically effective upon filing. The proposed offering will be made only by means of a prospectus supplement and accompanying base prospectus.

Stewart Information Services Corporation is a global real estate services company that offers title insurance, closing and settlement services, and specialized offerings for the mortgage industry through direct operations and its network of providers.

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