Lender Processing Services said it made “an active and extensive solicitation of 42 potentially interested parties” during the go-shop period created under the contractual terms of its acquisition by Fidelity National Financial.
As a result of those discussions, three parties entered into confidentiality agreements and negotiated with LPS, but none of those resulted in any alternative acquisition offers and the go-shop period has expired.
This clears the way for the next steps in the merger process, including approval by shareholders at both companies.
FNF is paying $2.9 million for LPS, broken down into