Why Shares of FGL Holdings Soared Today
Shares of FGL Holdings (NYSE: FG) gained more than 19% on Thursday after reports surfaced that Fidelity National Financial (NYSE: FNF) is in talks to acquire the insurance and annuities specialist.
FGL shares aren't usually in the spotlight, with the stock basically breakeven over a five-year period prior to a late-day surge on Thursday. But the company has apparently gotten the attention of title-insurance specialist Fidelity National.
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Source Fool.com
