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5/22/2013 4:15 PM ET
[BRIEFING.COM][BRIEFING.COM] The S&P 500 settled lower by 0.8% after early strength turned into afternoon weakness. Today's headline event came in the form of Ben Bernanke's testimony before the Joint Economic Committee. During his remarks, Chairman...[more]
Stock Market Headlines
2.9 Billion Deal Nears to Buy Out Lender Processing Services 7:25PM ET - Dow Jones Business News
Blackstone, Prologis Acquire Industrial Portfolio for $960 Million -Sources 7:07PM ET - Dow Jones Business News
Homeowners Choice Declares Dividends on Preferred Shares 6:56PM ET - GlobeNewswire
Clearwire: No Substantive Talks With Dish Network Since April 6:50PM ET - Dow Jones Business News
Apricus, AvalonBay, Equity Residential Disclose Offerings 6:35PM ET - Dow Jones Business News
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- 7:13 PM Lender Processing Services (LPS) is the subject of acquisition talks with Fidelity National (FNF) and buyout shop Thomas H. Lee, with a price tag of about $2.9B, the WSJ reports. Fidelity National was LPS' parent until a 2008 spinoff; a deal would not only bring the service provider back into FNF's umbrella, but mark the latest of many deals Fidelity's made with Thomas H. Lee. The deal values LPS at about $33/share; it closed Wednesday at $29.11.
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