Fidelity Calls Off $1.2B Stewart Deal After FTC Challenge

Law360 (September 10, 2019, 10:35 AM EDT) -- Title insurance giant Fidelity National Financial Inc. said Tuesday it has called off its planned $1.2 billion purchase of real estate services provider Stewart Information Services Corp. following a challenge from the Federal Trade Commission.

Fidelity called off the merger Tuesday, after the Federal Trade Commission said Friday that the tie-up would hurt competition in state and local markets. (AP) The FTC’s administrative complaint seeking to block the merger caused the deal to fall apart, according to the announcement. Fidelity said it will pay $50 million to Stewart for the deal’s termination.

FTC commissioners on Friday voted 3-1 to approve an...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS