Industry News

Fidelity shareholders to get title group’s stock

Company announces final terms for distribution of Fidelity National Title stock
Published on Sep 26, 2005

Fidelity National Financial today announced final terms and set the record date and distribution date for the distribution of Fidelity National Title Group (Pending NYSE: FNT) common stock to FNF stockholders.   Under the terms of the distribution of FNT common stock, FNF stockholders will receive 0.175 shares of common stock of FNT for each share of common stock of FNF that they own on the record date. No fractional shares of FNT common stock will be issued, but new FNT stockholders will receive cash in lieu of any fractional shares.   No action is required by FNF stockholders to receive their shares of FNT common stock or the cash in lieu of any fractional shares, the company said. After the completion of the distribution of FNT common stock, FNT will trade on the New York Stock Exchange under the trading symbol 'FNT.'   The distribution will be made on Oct. 17, 2005, to FNF stockholders of record as of Oct. 6, 2005. Because of the nature of the distribu...

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