Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Feb. 26, 6:11 PM
Slide #91. Fidelity National Financial, Inc. — FGL Holdings
| Acquirer: |
Fidelity National Financial, Inc. (FNF) |
| Acquiree: |
FGL Holdings (FG) |
| Details: |
Fidelity National Financial, Inc. (NYSE: FNF) ("FNF") today announced that it has signed a merger agreement to acquire FGL Holdings (NYSE: FG) ("F&G") for $12.50 per share of common stock, representing an equity value of approximately $2.7 billion. Based on F&G's adjusted earnings for the twelve months ended September 30, 2019, the transaction is expected to be more than 10% accretive (on a pro-forma basis) to FNF's 2020 earnings per share and more than 20% accretive to FNF's 2021 earnings per share. |
Fidelity National Financial is a provider of title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty products and transaction services to the real estate and mortgage industries. Co. has two segments: Title, which consists of the operations of Co.'s title insurance underwriters and related businesses which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products; and Corporate and Other, which includes the operations of the parent holding company, and Co.'s real estate technology subsidiaries.
FNF SEC Filing Email Alerts Service
Open the FNF Page at The Online Investor »
Fidelity National Financial is a provider of title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty products and transaction services to the real estate and mortgage industries. Co. has two segments: Title, which consists of the operations of Co.'s title insurance underwriters and related businesses which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products; and Corporate and Other, which includes the operations of the parent holding company, and Co.'s real estate technology subsidiaries.
FNF SEC Filing Email Alerts Service
Open the FG Page at The Online Investor »
| Company Name: |
| Fidelity National Financial Inc |
| Stock buyback: |
| FNF buyback |
| Website: |
| www.fnf.com |
| Sector: |
| Insurance Brokers |
| Number of ETFs Holding FNF: |
| 80 |
| Total Market Value Held by ETFs: |
| $1.51B |
| Total Market Capitalization: |
| $11.97B |
| % of Market Cap. Held by ETFs: |
| 12.62% |
|
| Company Name: |
| FGL Holdings |
| Website: |
| www.fglife.bm |
| Sector: |
| Life & Health Insurance |
| Number of ETFs Holding FG: |
| 42 |
| Total Market Value Held by ETFs: |
| $355.76M |
| Total Market Capitalization: |
| $2.65B |
| % of Market Cap. Held by ETFs: |
| 13.40% |
|
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