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Merion Tells Chancery Fidelity Underpaid $1.2B For LPS

By Matt Chiappardi ( September 21, 2016, 10:38 PM EDT) -- Merion Capital Group told the Delaware Chancery Court on Wednesday that shares of Lender Processing Services Inc. were really worth $50.46 apiece when Fidelity National Financial Inc. bought back its former spinoff roughly three years ago for $2.9 billion, arguing the deal undervalued the company by $1.2 billion....

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