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 common stock.
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:
dg.prospectus_requests@baml.com), or J.P. Morgan, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus
Department (telephone number: 866-803-9204).
About FNF
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.
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; 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.