Stewart Information Services Corp (NYSE:STC) Investor Investigation Over Possible Breaches Of Fiduciary Duties In Takeover Announced

Investors who purchased shares of Stewart Information Services Corp (NYSE:STC) and currently hold any of those NYSE:STC shares have certain options and should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Stewart Information Services
Affected Securities: 
NYSE: STC

An investigation on behalf of investors, who currently hold shares of Stewart Information Services Corp (NYSE:STC), was announced concerning whether the takeover of Stewart Information Services Corp. by Fidelity National Financial, Inc is unfair to NYSE:STC stockholders.

The investigation by a law firm concerns whether certain officers and directors of Stewart Information Services Corp breached their fiduciary duties owed to NYSE:STC investors in connection with the proposed acquisition.

On March 19, 2018, Stewart Information Services Corporation (NYSE: STC) announced that it has entered into an agreement to be acquired by Fidelity National Financial, Inc. (NYSE: FNF).
Under the terms of the agreement which has been approved by Stewart’s Board of Directors, Stewart Information Services Corp (NYSE:STC) shareholders will receive $25.00 in cash and 0.6425 common shares of Fidelity for each share of Stewart common stock they hold at closing. Based on the closing price of Fidelity stock on March 16, 2018, this represents a value of approximately $50.20 per share.

However, the investigation concerns whether the offer is unfair to NYSE:STC stockholders. More specifically, the investigation concerns whether the Stewart Information Services Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.