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Why Shares of FGL Holdings Soared Today

TheMotleyFool 
0 0 06.02.20
Why Shares of FGL Holdings Soared TodayPhoto, wide shot, wide-angle lens, soft focus, Reinsurance company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-bSRc7PrRT00tZTDNf9SggMTD.png?st=2023-05-06T18%3A48%3A49Z&se=2023-05-06T20%3A48%3A49Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-06T00%3A38%3A49Z&ske=2023-05-07T00%3A38%3A49Z&sks=b&skv=2021-08-06&sig=3seGuy7NQJX9RXUOWr6XArANokWXlKqwnEJxEHfdbSY%3D
 

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.

Image source: Getty Images.

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Source Fool.com

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