Shareholders Foundation, Inc.

NYSE:STC Investor Alert: Investigation over Potential Wrongdoing in Acquisition of Stewart Information Services

An investigation on behalf of investors of Stewart Information Services Corp (NYSE:STC) in connection with the proposed takeover was announced.

 

San Diego, CA -- (SBWIRE) -- 03/26/2018 -- An investigation was announced for investors, who currently hold shares of Stewart Information Services Corp (NYSE:STC), concerning the takeover of Stewart Information Services Corp. by Fidelity National Financial, Inc.

Investors in shares of Stewart Information Services Corp (NYSE:STC) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain 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.

Those who are current investors in Stewart Information Services Corp (NYSE:STC) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com