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Lender Processing Services (LPS) Surged To A New High On Buyout Talks

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The Wall Street Journal reported Wednesday that Fidelity National Financial and Thomas H. Lee Partners are in advanced talks to acquire Lender Processing Services (LPS) for around $33 per share.

Lender Processing Services gapped open sharply higher Thursday, but was range-bound for the majority of the session. Shares finished up by 3.77 at $32.88 on the highest volume of the year. The stock has been rising for the past month and surged to a new high for the year.

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