FTC Seeks More Info On Fidelity's $3B LPS Acquisition

Law360, New York (July 15, 2013, 7:43 PM EDT) -- The Federal Trade Commission has asked for more information in an antitrust review of Fidelity National Financial Inc.'s $2.9 billion bid to acquire its former spinoff Lender Processing Services Inc., the companies disclosed Friday.

In forms filed with the U.S. Securities and Exchange Commission, Fidelity and LPS said that the FTC has issued second requests for additional information in connection with its review of the proposed deal in a move that will prolong the waiting period to complete the deal.

“The effect of the second request...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.