Fidelity National Financial, Inc. Announces Merger of O'Charley's into American Blue Ribbon Holdings

Fidelity National Financial, Inc. (NYSE: FNF) announced that it completed the merger of O'Charley's LLC, a previously 100%-owned subsidiary of FNF, with American Blue Ribbon Holdings LLC, FNF's previously 45% owned restaurant company.  As a result of the merger, FNF now owns 55% of the combined entity (which will retain the ABRH name) and will begin to consolidate the financial results of ABRH in the second quarter of 2012.  After the closing of a new 5-year credit facility and the subsequent ABRH repayment of an FNF intercompany note payable, FNF's aggregate cash investment in ABRH is approximately $120 million.

ABRH currently owns and operates 674 restaurants in 43 states under six different restaurant concepts including Village Inn, Bakers Square, Max & Erma's, O'Charley's, Ninety Nine Restaurant and Stoney River Legendary Steaks, as well as the APC award winning pie bakery Legendary Baking, with total annual revenue of approximately $1.3 billion.