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 N...
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