LPS Go-Shop Ends With No Offers

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 two-thirds cash and one-third stock.

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