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FNF Unveils Stock Repurchase Program

IRVINE, CA-The recently approved three-year program calls for the systematic repurchase of Fidelity National Financial Inc.'s shares of its common stock. The company will use a portion of its annual cash flow from operations to finance the purchases.

By Erin Cassin | Updated on May 10, 2002

IRVINE, CA-Fidelity National Financial Inc. has announced plans to implement a stock repurchase program, having recently received approval for the three-year operation from its board of directors.

The stocks will be acquired in the open market, in block purchases or in privately negotiated transactions and will be financed with a portion of the company’s annual cash flow from operations. The locally based provider of title insurance and real estate related products intends to repurchase approximately $75 million of its common stock in the first year of the program, according to a recently released company statement.

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