We’re living in a powder keg and giving off sparks

Have you poor schmucks working for Fidelity had enough?  The hits just keep on coming.  BTW, if you don’t go back and read the comments here, you miss some jewels.  Titleslug was on the job in this one, it just took me a little while to find an article that wasn’t password or subscriber protected.  Hello Reuters!   Fidelity National Information Services the target of a leveraged buy out.  I couldn’t have called that one.  Wonder how the leak of protected information in India will play once Blackstone gets a piece of it.  Granted I watch their real estate moves because they are generally very aggressive and right on, they own a lot of San Francisco real estate under the name Equity Office Properties, well, that’s the under under under under lying name.  There is usually 5-9 LLC’s before you get to the actual Blackstone name.  They own the Hilton.  And La Quinta brand. Artisan Partners is already a major shareholder in Fidelity National Financial, with over 13 million shares.  Bill had 3,588,480 shares.  FIS is primarily owned by WPM, L.P. which is Warburg Pincus.  Bill only has 823,315 shares of that one.  FIS is the one that Blackstone is looking at.  FNF holds the title company.  Blame Artisan Partners and Bill.

First American has long been held and beholden to a hedge fund.  Highfields Capital Management holds 7.83 percent, that’s over 8 million shares of FAF stock.  Morgan Stanley holds almost 4 million shares.   Parker Kennedy is down to 124,953 shares, compared to Bank of New York Mellon Corporations 2,527,855.  The grandson of the founder is bailing out.  There’s your feel good story of the day.

This song always reminds me of the Fidelity Title plant in Santa Barbara.  Once upon I was falling in love, but now I only glow in the dark.

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That’s ok, we thought the line in Flashdance was “Take your pants off and make it happen”.  It’s Monday, go ahead, take your pants off and make it happen.

4 Replies to “We’re living in a powder keg and giving off sparks”

  1. Fairly soon there will be a viable alternative to the Big Two here in California. Film at eleven.

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