Fidelity Deal Review Suggests There's A Maverick At FTC

Law360, New York (January 9, 2014, 6:22 PM EST) -- Under the antitrust merger guidelines, a maverick is a firm “that plays a disruptive role in the market to the benefit of customers.” In Washington, D.C., political circles, a maverick often refers to a politician that does not hew faithfully to the party line.

On the surface, the Federal Trade Commission’s 3-1 initial approval of a consent decree, announced right before Christmas, resolving its review of Fidelity National Financial Inc.’s $2.9 billion deal to acquire Lender Processing Services Inc. looks pretty straightforward. The proposed consent decree...
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