Fidelity National Financial today announced a restructuring plan that will merge Fidelity National Financial with Fidelity National Information Services, a software and information technology company.

Under the plan, Fidelity National Financial’s corporate existence will cease and the company will be merged with Fidelity National Information Services.

The deal is expected to close in the fourth quarter.

After this merger, Fidelity National Title, a title insurance unit of Fidelity National Financial, will change its name to Fidelity National Financial and change its NYSE ticker symbol to “FNF,” according to media reports.

William P. Foley II will remain CEO of Fidelity National Financial and Alan L. Stinson will remain COO of the new organization.

In a separate deal, Fidelity National Financial will create a spinoff company by contributing most of its assets and liabilities (but will retain its ownership interest in Fidelity National Information Services) to Fidelity National Title Group, in exchange for the title insurance group’s Class A stock, according to the Associated Press.

The deal is expected to close in the fourth quarter.

After the close of the transaction, Fidelity National Financial will have about 51 percent ownership in Fidelity Information Services, according to the AP.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Inman Connect Las Vegas is back and there are only a few presale tickets left! Register today before they're gone.REGISTER×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription