Britney Spears and Kevin Federline have reached a divorce settlement.
The couple, who married in September 2004 before Britney filed for divorce last November, agreed the deal during a five-hour meeting in Los Angeles yesterday (29.03.07).
Kevin is rumoured to be receiving a $1 million payment, with the couple sharing custody of their two sons, 18-month-old Sean Preston and Jayden James, six months.
A spokesman for Kevin's attorney said: "The parties signed a global agreement on all issues of their marriage and custody of their children."
He refused to elaborate on the terms of the settlement, but revealed they had reached an agreement on financial matters.
A judge must approve the agreement before the divorce is finalised.
During the meeting, Kevin, 29, took a cigarette break and Britney, 25, followed him outside where they spent 15 minutes talking.
The meeting took place in Britney's attorney Laura Wasser's office in California's Century City.
The estranged couple agreed to temporarily share custody of their sons in January, but Kevin took over custody when Britney checked into Malibu's Promises rehab centre in February.
Earlier this month, it was reported Britney had decided to give Kevin $19 million.
turbo_drift
Britney And K-Fed Reach Settlement
LOS ANGELES, California (Reuters) -- Pop star Britney Spears has reached a settlement in her divorce from her husband, former backup dancer Kevin Federline, People magazine said on Thursday on its Web site.
Terms were not disclosed.
"The parties signed a global settlement on all issues of their marriage and the custody of the children," a spokesman for Federline's attorney Mark Vincent Kaplan told People.
Spears, who left a rehab center last week after a month of treatment for undisclosed issues, filed for divorce from second husband Federline in November after two years of marriage and two children.
A judge would have to approve the settlement for the divorce to become final.
Spears and Federline's representatives were not immediately available for comment.
hobochua
Finally Spears wakes up to the voice from deep inside her heart...Kevin is nothing but trouble...