Davis Polk Advises Stewart on Its Acquisition by Fidelity National Financial
Davis Polk is advising Stewart Information Services Corporation on its approximately $1.2 billion acquisition by Fidelity National Financial, Inc. The transaction, which is expected to close by the first or second quarter of 2019, is subject to approval by Stewart’s shareholders and applicable regulatory authorities and the satisfaction of customary closing conditions.
Stewart is a global real estate services company, offering products and services through its direct operations and family of companies. Fidelity National Financial is the nation’s largest title insurance company through its title insurance underwriters - Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New York - that collectively issue more title insurance policies than any other title company in the United States.
The Davis Polk corporate team includes partners John D. Amorosi and Brian Wolfe and associate Andrew D. Krause. Partner Veronica M. Wissel and associate R. Scott Matarese are providing executive compensation advice. Partner Rachel D. Kleinberg and associate Catherine L. Chu are providing tax advice. Partners Arthur J. Burke and Howard Shelanski and associate Justin Sommers are providing antitrust and competition advice. Members of the Davis Polk team are based in the New York, Washington DC and Northern California offices.