Fidelity National, Stewart bail on $1.2 billion merger after FTC moved to block deal

Just days after the Federal Trade Commission tapped the brakes on the merger of Fidelity National Financial and Stewart Information Services, the deal that would have combined two of the country’s largest title insurance providers is now dead. The two companies announced Tuesday that they are calling off the deal that would have seen Fidelity buy Stewart for $1.2 billion.