Fidelity National Acquires OnlineSettlements Firm

JACKSONVILLE, Fla. - (12/20/04) -- Title insurer giant FidelityNational Financial Inc. announced last week it has agreed toacquire ClearPar LLC, a Valley Cottage, N.Y., provider of onlinesettlement systems for primary and secondary loans. Terms of thedeal were not disclosed. The acquisition comes two weeks afterFidelity announced a recapitalization plan, which included the saleof 25% of its financial outsourcing unit for $500 million and newloan agreements for $2.8 billion.