JACKSONVILLE, Fla., Dec. 10, 2013 /PRNewswire via COMTEX/ — Fidelity National Financial, Inc. FNF +2.67% , a leading provider of title insurance and transaction services to the real estate and mortgage industries, today announced that it has retained J.P. Morgan Securities LLC to work with FNF management to identify strategic alternatives for FNF’s portfolio company investments, potentially including a tracking stock, spin-offs, sales and other potential strategic alternatives, to both monetize and highlight the value of FNF’s portfolio investments for the benefit of its shareholders.
“Our energies are focused on the pending acquisition of Lender Processing Services and opportunities to grow our core businesses,” said FNF Chairman William P. Foley, II. “Future free cash flow from core operations is expected to be used to pay down debt, invest in core operations, pay dividends and repurchase shares and not for acquisitions outside of our core business. The portfolio company investments have significant value which may not be fully reflected in our stock price and we believe there are attractive alternatives we can pursue to unlock the value of these investments for the benefit of FNF and our shareholders. We remain committed to continually prioritizing our resources in order to maximize total shareholder return.”
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
