Stewart Information Announces Ongoing Review Of Strategic Alternatives

(RTTNews) - Stewart Information Services Corp. (STC) said that John Killea, chief legal officer & chief compliance officer, has been appointed to the additional role of president of the company.

The company also announced that the Board of Directors has previously formed a strategic committee which has been pursuing the full range of strategic alternatives available to Stewart. These alternatives include, among other things, business combinations, the sale of the Company, and continuing to execute on Stewart's standalone business plan. The Company has retained and will be assisted in the strategic review process by Citi as financial advisor and Davis Polk & Wardwell LLP as legal advisor.

The company noted that its Board plans to complete this process in an expeditious manner. There can be no assurance that this process will result in a particular outcome. The Company does not intend to provide updates on its review until it deems further disclosure is appropriate or required.