Fidelity National Unveils Ultimatum on LandAmerica Deal

"Fidelity’s message was essentially: If the acquisition is not approved quickly, Fidelity’s deal is off and LandAmerica’s reinsurance protection goes away entirely. That certainly puts pressure on the players to act before the holidays — and it puts pressure on LandAmerica, which can do little other than wait and see how the next week plays out."