Fidelity National Cleared to Sell Securities
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Fidelity National Financial Inc., which operates the nation’s largest title insurance company, said Friday its registration statement to sell $500 million in debt and equity securities was declared effective. But the Irvine firm said it has no plans yet to sell the securities, which will remain on the shelf until needed. Fidelity, which has about 78.2 million shares outstanding, said it now has the flexibility to raise money by selling a variety of securities that include preferred stock and depository shares.
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