Fidelity National Financial, Inc. Announces Signing Of A Merger Agreement To Acquire FGL Holdings For $12.50 Per Share In Combination Of Cash And FNF Common Stock
FNF Group of Fidelity National Financial, Inc. (FNF)
Last fnf group of fidelity national financial, inc. earnings: 4/22 04:15 pm
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Source: PR Newswire
JACKSONVILLE, Fla., Feb. 7, 2020 /PRNewswire/ -- 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. FNF currently owns 7.9% of F&G's outstanding ordinary shares and all of F&G's Series B Preferred shares, and will acquire the remaining F&G Series A preferred shares, with a face value of approximately $321 million as of December 31, 2019. Under the terms of the merger agreement, holders of F&G's ordinary shares (other than FNF and its subsidiaries) may elect to receive either (i) $12.50 per share in cash or (ii) 0.2558 of a share of FNF
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FNF
Earnings
- 2/21/24 - Miss
FNF
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 144
- 4/26/24 - Form ARS
- FNF's page on the SEC website