Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Lender Processing Services Inc. Over the Proposed Sale of the Company to Fidelity National Financial Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Lender Processing Services Inc. (“LPS” or the “Company”) (NYSE: LPS) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Fidelity National Financial Inc. (NYSE: FNF) in a cash and stock deal valued at approximately $2.9 billion. Under the terms of the proposed transaction, LPS stockholders will receive approximately $33.25 for each share of LPS common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $36.00 for LPS.
The investigation focuses on whether LPS’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of LPS shareholders.
If you own common stock in LPS and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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