Fidelity National Financial, Inc. Announces Three-Year Stock Repurchase Program
July 21 2009 - 8:05AM
PR Newswire (US)
JACKSONVILLE, Fla., July 21 /PRNewswire-FirstCall/ -- Fidelity
National Financial, Inc. (NYSE:FNF), a leading provider of title
insurance, specialty insurance, claims management services and
information services, today announced that its Board of Directors
has approved a three-year stock repurchase program under which the
company may repurchase up to 15 million shares of its common stock.
Purchases may be made from time to time by the Company in the open
market at prevailing market prices or in privately negotiated
transactions through July 31, 2012. Under its previous three-year
repurchase program, which was approved in October 2006, the company
repurchased a total of 17.2 million shares of its common stock.
Fidelity National Financial, Inc. (NYSE:FNF), is a leading provider
of title insurance, specialty insurance, claims management services
and information services. FNF is the nation's largest title
insurance company through its title insurance underwriters -
Fidelity National Title, Chicago Title, Commonwealth Land Title,
Lawyers Title, Ticor Title, Security Union Title and Alamo Title -
that collectively issue more title insurance policies than any
other title company in the United States. FNF also provides flood
insurance, personal lines insurance and home warranty insurance
through its specialty insurance business. FNF also is a leading
provider of outsourced claims management services to large
corporate and public sector entities through its minority-owned
subsidiary, Sedgwick CMS. FNF is also a leading information
services company in the human resource, retail and transportation
markets through another minority-owned subsidiary, Ceridian
Corporation. More information about FNF can be found at
http://www.fnf.com/. This press release contains forward-looking
statements that involve a number of risks and uncertainties.
Statements that are not historical facts, including statements
about our beliefs and expectations, 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 economic performance 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; 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
operating subsidiaries as a 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. DATASOURCE: Fidelity National Financial, Inc. CONTACT:
Daniel Kennedy Murphy, Senior Vice President and Treasurer of
Fidelity National Financial, Inc., +1-904-854-8120, Web Site:
http://www.fnf.com/
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