Cravath Represents Lender Processing Services
By Lawdragon News | May 28, 2013 | Press Releases
May 28, 2013 - Fidelity National Financial, Inc. (NYSE:FNF), a leading provider of title insurance, mortgage services and diversified services, and Lender Processing Services, Inc. (NYSE:LPS), a leading provider of integrated technology, services, data and analytics to the mortgage and real estate industries, today announced the signing of a definitive agreement under which FNF will acquire all of the common stock of LPS for $33.25 per common share, for a total equity value of approximately $2.9 billion. Under the terms of the definitive agreement, FNF will pay 50% of the consideration for the LPS shares of common stock in cash and 50% in shares of FNF common stock, subject to adjustment. Cravath, Swaine & Moore LLP represented LPS in connection with this transaction.
The Cravath team included partners Robert I. Townsend III and Damien R. Zoubek and associates Keith Hallam and Maya A. Rosenthal-Larrea (M&A); partner Eric W. Hilfers, practice area attorney M.C. Tania Balthazaar and associate Amy C. Benford (executive compensation and benefits); partner Michael L. Schler and associate Andrew Carlon (tax); and partner Peter T. Barbur and associate Yaw A. Anim (antitrust). Summer associate David P. Friedman also worked on M&A matters.
