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Fidelity National Financial Plans Public Offering

Stock quotes in this article: FNF  

JACKSONVILLE, Fla. (AP) — Title insurance provider Fidelity National Financial Inc. said Tuesday it has increased the size of its planned public offering to 15.8 million shares, and priced it at $19 each.

The offer price represents a slight discount to Tuesday's closing price of $19.30. The stock lost nearly 15 percent during the day's session after the initial offer was announced. On Monday, shares had finished at $22.60 — nearly their highest point in a year.

Proceeds from the offering will be used to repay debt under an existing $1.1 billion syndicated credit agreement and for other general corporate purposes. ...

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