Fidelity National Financial, Inc. Announces Pricing for Public Offering of
JACKSONVILLE, Fla., Oct. 24, 2013
JACKSONVILLE, Fla., Oct. 24, 2013 /PRNewswire/ --Fidelity National Financial,
Inc. (NYSE: FNF), a leading provider of title insurance, mortgage services and
other diversified services, today announced that it has priced its offering of
17,250,000 shares of its common stock at a price of $26.75 per share. The
Company has granted the underwriters a 30-day option to purchase 2,587,500
additional shares at the offering price. The offering is expected to close on
October 30, 2013, subject to customary closing conditions.
BofA Merrill Lynch and J.P. Morgan are the joint book-running managers, with
Barclays, Dowling & Partners Securities, LLC, Jefferies LLC, Keefe, Bruyette &
Woods, A Stifel Company, Piper Jaffray, Stephens Inc. and Wells Fargo
Securities serving as co-managers. The net proceeds from this offering will
be used to pay a portion of the cash consideration for the previously
announced merger with Lender Processing Services, Inc. (NYSE: LPS). If the
Company does not consummate the merger, the net proceeds will be used for
general corporate purposes, which may include the repurchase of shares of its
The shares from the offering will be sold under the Company's effective shelf
registration filed with the Securities and Exchange Commission covering the
issuance from time to time of various securities of the Company.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these shares in any state
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state. Any
offer, if at all, will be made only by means of a prospectus, including a
prospectus supplement, forming a part of the effective registration statement.
The Company has filed a registration statement including a prospectus and a
prospectus supplement with the SEC for the offering to which this
communication relates. Before you invest, you should read the prospectus and
prospectus supplement in that registration statement and other documents the
Company has filed with the SEC for more complete information about the Company
and this offering. You may obtain these documents for free by visiting EDGAR
on the SEC Web site at www.sec.gov. Alternatively, the Company, any
underwriter or any dealer participating in the offering will arrange to send
you the prospectus and the prospectus supplement if you request them by
contacting BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attention:
Prospectus Department (email: firstname.lastname@example.org), or J.P.
Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, Attention: Prospectus Department (telephone number: 866-803-9204).
Fidelity National Financial, Inc. (NYSE: FNF), is a leading provider of title
insurance, mortgage services and diversified services. FNF is the nation's
largest title insurance company through its title insurance underwriters -
Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo
Title - that collectively issue more title insurance policies than any other
title company in the United States. FNF owns a 55% stake in American Blue
Ribbon Holdings, LLC, a family and casual dining restaurant owner and operator
of the O'Charley's, Ninety Nine Restaurant, Max & Erma's, Village Inn, and
Bakers Square concepts. FNF also owns an 87% stake in J. Alexander's, LLC, an
upscale dining restaurant owner and operator of the J. Alexander's and Stoney
River Legendary Steaks concepts. In addition, FNF also owns a 51% stake in
Remy International, Inc., a leading designer, manufacturer, remanufacturer,
marketer and distributor of aftermarket and original equipment electrical
components for automobiles, light trucks, heavy-duty trucks and other
vehicles. FNF also owns a minority interest in Ceridian Corporation, a
leading provider of global human capital management and payment solutions.
This press release contains forward-looking statements that involve a number
of risks and uncertainties. Statements that are not historical facts,
including statements regarding our expectations, hopes, intentions or
strategies regarding the future are forward-looking statements.
Forward-looking statements are based on management's beliefs, as well as
assumptions made by, and information currently available to, management.
Because such statements are based on expectations as to future financial and
operating results and are not statements of fact, actual results may differ
materially from those projected. We undertake no obligation to update any
forward-looking statements, whether as a result of new information, future
events or otherwise. The risks and uncertainties which forward-looking
statements are subject to include, but are not limited to: changes in general
economic, business and political conditions, including changes in the
financial markets; weakness or adverse changes in the level of real estate
activity, which may be caused by, among other things, high or increasing
interest rates, a limited supply of mortgage funding or a weak U. S. economy;
our potential inability to find suitable acquisition candidates, acquisitions
in lines of business that will not necessarily be limited to our traditional
areas of focus, or difficulties in integrating acquisitions; our dependence on
distributions from our title insurance underwriters as a main source of cash
flow; significant competition that our operating subsidiaries face; compliance
with extensive government regulation of our operating subsidiaries; and other
risks detailed in the "Statement Regarding Forward-Looking Information," "Risk
Factors" and other sections of the Company's Form 10-K and other filings with
the Securities and Exchange Commission.
SOURCE Fidelity National Financial, Inc.
Contact: Daniel Kennedy Murphy, Senior Vice President and Treasurer,
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