NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Stewart Information Services Corporation (“Stewart” or the “Company”) (NYSE:STC) stock prior to March 19, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Stewart to Fidelity National Financial, Inc. (NYSE:FNF). Under the terms of the transaction, Stewart shareholders will receive $25.00 in cash and 0.6425 common shares of Fidelity stock for each share of Stewart stock they own. Based on the closing price of Fidelity stock on March 16, 2018, this represents a value of approximately $50.20 per share. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The investigation concerns whether the Board of Stewart breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Fidelity National Financial, Inc. is underpaying for Stewart shares, thus unlawfully harming Stewart shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.