FTC Requests Public Comments on Amended Applications by Fidelity National Financial Inc. for Approval to Divest Oregon Title Plant Assets

The Federal Trade Commission is now accepting public comments on two amended applications by Fidelity National Financial Inc. [Amerititle | Old Republic] to sell Oregon real estate title plant assets, as required by the FTC order settling charges that Fidelity’s acquisition of Lender Processing Services, Inc. (LPS) was likely to harm competition.

On April 24, 2014, Fidelity filed an application seeking approval to divest title plants in six Oregon counties to AmeriTitle, Inc. and a second application seeking approval to divest its interest in the Portland title plant to Old Republic Title Company of Oregon to comply with the FTC’s order. Fidelity has now filed an amended application seeking approval to divest title plants in five Oregon counties to AmeriTitle, excluding the title plant in Polk County; and filed a second amended application seeking approval to divest the Polk County title plant to Old Republic instead of AmeriTitle. 

In light of the amended applications received, the FTC has extended the public comment period by two weeks, until June 12, 2014. Written comments should be sent to: FTC Office of the Secretary, 600 Pennsylvania Ave., N.W., Washington, DC 20580. Comments can also be submitted electronically on the proposed sale to both Old Republic Title Company of Oregon and AmeriTitle. Copies of the original and amended applications can be found on the FTC’s website and as a link to this press release. (FTC File No. 131-0159; the staff contact is Naomi Licker, Bureau of Competition, 202-326-2851)

The FTC’s Bureau of Competition works with the Bureau of Economics to investigate alleged anticompetitive business practices and, when appropriate, recommends that the Commission take law enforcement action. To inform the Bureau about particular business practices, call 202-326-3300, send an e-mail to antitrust{at}ftc{dot}gov, or write to the Office of Policy and Coordination, Bureau of Competition, Federal Trade Commission, 601 New Jersey Ave., N.W., Room 7117, Washington, DC 20001. To learn more about the Bureau of Competition, read Competition Counts. Like the FTC on Facebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.

IR Press

Share
Published by
IR Press

Recent Posts

OCC Announces Enforcement Actions for November 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…

11 hours ago

Treasury Sanctions Gazprombank and Takes Additional Steps to Curtail Russia’s Use of the International Financial System

Treasury imposes sanctions on dozens of Russian banks, securities registrars, and finance officials; OFAC issues…

1 day ago

Acting Comptroller Testifies on State of the Federal Banking System

WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system…

1 day ago

Remarks by Assistant Secretary for International Finance Brent Neiman on the U.S. Cross-Border Payments Agenda

As Prepared for Delivery Thank you very much for the opportunity to be here today, and…

3 days ago

Remarks by Assistant Secretary for Investment Security Paul Rosen at the Third Annual CFIUS Conference

As Prepared for Delivery Good afternoon.  I’d like to start by thanking our panelists today for…

3 days ago