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Winthrop Resources Closed Acquisition Of Fidelity National Capital (TCB,FNF)

Sep 26, 2009 (SmarTrend(R) News Watch via COMTEX) --

Companies: Fidelity National Financial, Inc. (FNF), TCF Financial Corp. (TCB)

9/26/2009 - Winthrop Resources Corp., a subsidiary of TCF Financial Corp. (NYSE:TCB), said it has closed on the acquisition of Fidelity National Capital Inc. Excluding the repayment of debt, the sale of Fidelity National Capital netted about $50 million for its former parent, Fidelity National Financial Inc. (NYSE:FNF). FNF sells title insurance, specialty insurance, claims management services, and information services. The sale reduced FNF's non-recourse consolidated debt by $214 million.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Companies: Fidelity National Financial, Inc. (FNF), TCF Financial Corp. (TCB)


Related terms: acquisition, debt, insurance, market, nyse, securities

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