CFA Calls on Department of Justice to Stop Fidelity-Stewart Merger
On March 19, 2018, Fidelity National Financial announced it had signed a merger agreement to acquire Stewart Information Services. As Housing Wire reported the merger, “Fidelity is already one of the nation’s largest title insurance and settlement services provider, and now, it’s set to acquire one of its biggest competitors.” In a letter to Assistant Attorney General Makan Delrahim of the Department of Justice Antitrust Division, CFA is calling upon the Department to undertake careful analysis of this merger. We believe it should be stopped.
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