Market Expects Rumored Lender Processing Services (LPS) Buyout to Go Smoothly

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Lender Processing (LPS) Deal May Attract Competing Bids, Shareholders Unsatisfied - Analyst

May 28, 2013 11:54 AM EDT

This morning Fidelity National Financial, Inc. (NYSE: FNF) and Lender Processing Services, Inc. (NYSE: LPS) 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... More