Fidelity, LPS Close $2.9B Deal After Winning FTC's OK

Law360, New York (January 2, 2014, 5:38 PM EST) -- Fidelity National Financial Inc. closed its $2.9 billion acquisition of Lender Processing Services Inc. on Thursday after the Federal Trade Commission signed off on the deal on the condition that the companies sell certain title insurance assets in Oregon.

Fidelity announced the closing a little more than a week after the FTC voted 3-1 to require the companies to sell a copy of title plants in several Oregon counties, assets needed for would-be rivals to compete in the state's title insurance market under Oregon law....
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