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Jacksonville, FL -- Fidelity National Financial has repurchased just over 2.5 million shares of its common stock from Willis Stein & Partners, a Chicago-based private-equity firm, and J.P. Morgan Chase, as escrow agent for the former shareholders of Aurum Technology, which was acquired by Fidelity last March.
FNF paid $112.2 million, or $44.35 per share, for the 2,530,346 shares of common stock. That's a discount to the closing price of FNF's common stock on Monday Dec. 13, when the stock closed at $45.10. Willis Stein had been the lead investor in an investment group that owned Aurum Technology at the time of FNF's acquisition of Aurum.
"We announced last week that we intend to implement a stock ...
Source: HighBeam Research, Fidelity Buys Back 2.5 Million Shares.(Fidelity National...