Fidelity National Boosts Cash Part of LPS Deal by $500 Million

Fidelity National Financial Inc., the largest U.S. title insurer, said it will boost the cash portion of the payment for Lender Processing Services Inc. (LPS) by $500 million.

The value of the deal remains about $2.9 billion, with two-thirds of the sum now coming in cash and the rest in Fidelity National stock, the Jacksonville, Florida-based insurer said today in a statement distributed by PR Newswire.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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