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FTC issues 2nd request for information in Fidelity National-Stewart deal

Fidelity National Financial Inc. received on May 31 a request for additional information and documentary material, or a second request, from the U.S. Federal Trade Commission, in connection with its pending acquisition of Stewart Information Services Corp.

The purpose of the second request is to extend the waiting period imposed by the FTC's Hart-Scott-Rodino Antitrust Improvements Act of 1976 until 30 days after Fidelity National and Stewart have substantially complied with the second request, unless that period is extended voluntarily by the parties or terminated sooner by the agency.

The companies continue to expect the acquisition to close by the first or second quarter of 2019.