Stewart Information Services Announces Termination of Merger Agreement with Fidelity National Financial
Stewart Information Services Corporation (STC)
Last stewart information services corporation earnings: 11/6 06:15 am
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US:NYSE Investor Relations:
stewart.com/en/investor-relations.html
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Source: Business Wire
Stewart Board Votes to Proceed as a Standalone CompanyAnnounces Leadership Changes to Support Strategic Focus on Revenue Growth and Pre-Tax Margin ImprovementFrederick Eppinger Named CEO; Matthew Morris Named President HOUSTON--(BUSINESS WIRE)--Stewart Information Services Corporation (NYSE: STC) (“Stewart”) today announced the mutual termination of its merger agreement with Fidelity National Financial, Inc. (NYSE: FNF) (“Fidelity”) after not obtaining the necessary approval by the U.S. Federal Trade Commission (“FTC”). In light of the FTC’s decision, the Stewart Board has clearly determined that leveraging the company’s strong brand, financial position, and valued employees to grow the organization as a standalone entity will create the greatest shareholder value. In connection with the termination of the merger agreement, Fidelity has agreed to pay a $50 million reverse termination fee to Stewart that was contemplated by the merger agreement.Stewart has also announced changes to
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STC
Sec Filings
- 11/12/24 - Form SC
- 11/6/24 - Form 10-Q
- 10/23/24 - Form 8-K
- STC's page on the SEC website