FNF Slated to Buy Computer Firm

Fidelity National Financial Inc., Jacksonville, Fla., and Sanchez Computer Associates, Malvern, Pa., have announced that FNF is expected to complete its acquisition of Sanchez on Wednesday, assuming approval by Sanchez shareholders on that date.If the transaction closes on April 14, each outstanding share of Sanchez common stock will be converted into the right to receive $3.25 in cash and 0.08365 of a share of FNF common stock, unless a shareholder makes one of the optional elections set forth in a Sanchez proxy statement, the companies said. The exchange ratio, assuming an April 14 closing, would be based on an FNF stock price of $38.85 per share. FNF provides products and outsourced services to financial institutions and the real estate industry, and Sanchez develops software and services for financial institutions. The companies can be found online at http://www.fnf.com and http://www.sanchez.com.