FNFV Announces Tender Offer To Repurchase Up To $185 Mln Of Stock

(RTTNews) - Fidelity National Financial Ventures (FNFV), a tracking stock established to highlight the inherent value of the portfolio companies of Fidelity National Financial, Inc. or "FNF", announced that the FNF Board has approved the repurchase of up to $185 million of FNFV common stock at a price range between $14.30 - $15.40 per common share through a modified Dutch auction tender offer.

Under this offer, holders of FNFV common stock may tender all or a portion of their common shares within the $14.30 - $15.40 price range. Based on the number of FNFV common shares tendered and the prices specified by the tendering shareholders, FNFV will determine the lowest price per common share within the range that will enable it to purchase $185 million in shares of FNFV common stock, or such lesser amount depending on the number of shares of common stock that are properly tendered and not properly withdrawn.

The tender offer will not be conditioned upon any minimum number of shares being tendered, but will be subject to certain customary conditions that are described in the tender offer materials.

The tender offer will expire at 12:00 a.m., midnight, New York City time at the end of the day on March 20, 2015, unless the offer is extended.