Lender Processing Surges on Report of Sale Talks

Lender Processing Services Inc. climbed the most in almost four years after a report that it’s in talks to sell itself for about $2.9 billion. Fidelity National Financial Inc., a would-be buyer, also surged.

LPS, a provider of mortgage-processing services to lenders, is in advanced negotiations to be sold to U.S. title insurer Fidelity National and private-equity firm Thomas H. Lee Partners, a person with direct knowledge of the matter said, confirming a Wall Street Journal report from yesterday.