JACKSONVILLE, Fla.,
Oct. 2, 2017 /PRNewswire/
-- Fidelity National Financial, Inc. today announced the
closing of the previously announced distribution ("the
Distribution") of all of the outstanding shares of common stock of
New BKH Corp. ("New BKH") to FNF Group (NYSE: FNF)
shareholders. Immediately following the Distribution, New BKH
and Black Knight Financial Services, Inc. ("Black Knight") engaged
in a series of transactions ending with a new publicly-traded
holding company, Black Knight, Inc. ("New Black Knight"). FNF Group
shareholders ultimately received a total of approximately 83.3
million shares of New Black Knight common stock, or approximately
0.3066322 shares of New Black Knight common stock for each share of
FNF Group common stock that they owned. Commencing today, New
Black Knight's shares will be traded on the New York Stock Exchange
("NYSE") under the trading symbol "BKI".
The Distribution and the subsequent receipt of shares of New
Black Knight common stock is expected to generally be tax-free to
FNF Group shareholders for U.S. federal income tax purposes, except
to the extent of any cash received in lieu of receiving New Black
Knight fractional shares.
About Fidelity National Financial, Inc.
Fidelity National Financial, Inc. is organized into two groups,
FNF Group (NYSE: FNF) and FNFV Group (NYSE: FNFV). FNF is a leading
provider of title insurance and transaction services to the real
estate and mortgage industries. FNF is the nation's largest title
insurance company through its title insurance underwriters -
Fidelity National Title, Chicago Title, Commonwealth Land Title,
Alamo Title and National Title of New
York - that collectively issue more title insurance policies
than any other title company in the
United States. FNFV holds majority and minority equity
investment stakes in a number of entities, including American Blue
Ribbon Holdings, LLC, Ceridian HCM, Inc. and Del Frisco's Restaurant Group, Inc. More
information about FNF and FNFV can be found at www.fnf.com.
Forward-Looking Statements
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; transaction costs; and other risks detailed
in the "Statement Regarding Forward-Looking Information," "Risk
Factors" and other sections of our Form 10-K and other filings with
the Securities and Exchange Commission (the "SEC").
FNF - G
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SOURCE Fidelity National Financial, Inc.