FGL Holdings, the parent of has moved a Fidelity & Guaranty Life Insurance Company, has moved a step closer toward getting acquired by Fidelity National Financial Inc.
Fidelity National — a large title insurer — agreed in February to acquire FGL for $2.7 billion.
FGL, which goes by the name nickname F&G, is based in George Town, in the Cayman Islands.
Fidelity & Guaranty Life has its main offices in Des Moines, Iowa.
When the companies made their preliminary acquisition agreement, Fidelity National gave F&G a 40-day “go shop period” to look for a better deal.
The go-shop period expired Wednesday, F&G said Thursday.