Mortgage processor Lender Processing Services (LPS) is in talks to be acquired by title insurer Fidelity National Financial (FNF) and private equity firm Thomas H. Lee Partners in a $2.9 billion deal,
The agreement would value LPS at around $33 a share and could potentially close as early as next week, according to those reports. An LPS spokeswoman did not immediately return a message seeking comment. A Fidelity National spokesman did not return a similar call.
LPS was spun-off from Fidelity National Information Services (FIS) in 2008. Fidelity National Financial owns a stake in FIS.
LPS, which is based in Jacksonville, Fla., recently