landamerica financial group
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Landamerica financial group

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Jacksonville, Florida-based Fidelity is the largest U. Fidelity National stock, down 30 percent this year, surged 24 percent on the deal news. N up 17 percent. Title insurers play a key role in the sale of U. But Glen Allen, Virginia-based LandAmerica was squeezed by the two-year slump in home sales and falling prices, trends that slashed revenue by more than 40 percent.

The unit had invested funds not yet transferred into auction-rate securities, debt that has been hard to sell all year. Meanwhile, Nebraska state insurance regulators filed petitions for rehabilitation for Commonwealth and Lawyers Title, which means they will oversee these businesses until they are sold.

Initial hearings are scheduled for Wednesday. LandAmerica said that by mid-September, in light of its weak performance, it began searching for a buyer. N as its financial adviser and held initial talks with about five potential suitors. FNF also provides flood insurance, personal lines insurance and home warranty insurance through its specialty insurance business. FNF also is a leading provider of outsourced claims management services to large corporate and public sector entities through its minority-owned subsidiary, Sedgwick CMS.

FNF is also a leading information services company in the human resource, retail and transportation markets through another minority-owned subsidiary, Ceridian Corporation. More information about FNF can be found at www. LandAmerica Financial Group, Inc. You may obtain copies of all documents filed with the SEC regarding this transaction, free of charge, at the SEC's website www.

You may also obtain these documents, free of charge, from FNF's website at www. You may also obtain these documents, free of charge, from LFG's website at www. FNF, LFG and their respective directors, executive officers and certain other members of management and employees may be soliciting proxies from LFG stockholders in favor of the merger.

You can find information about FNF's executive officers and directors in its definitive proxy statement filed with the SEC on April 15, You can find information about LFG's executive officers and directors in its definitive proxy statement filed with the SEC on March 24, This document shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of , as amended. This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements.

Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to future economic performance and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. The risks and uncertainties which forward-looking statements are subject to include, but are not limited to: the possibility that the proposed merger will not be completed due to the failure to secure necessary regulatory approvals, or due to the outcome of FNF's due diligence review; the possibility that there are unexpected delays in obtaining regulatory approvals; the failure to obtain approval of LFG's shareholders; the possibility that the revenues, cost savings, growth prospects and any other synergies expected from the proposed transaction may not be fully realized or may take longer to realize than expected; changes in general economic, business and political conditions, including changes in the financial markets; continued weakness or adverse changes in the level of real estate activity, which may be caused by, among other things, high or increasing interest rates, a limited supply of mortgage funding or a weak U.

Skip to main navigation. Press Release Details. Announce the Signing of a Definitive Merger Agreement. Announce the Signing of a Definitive Merger Agreement

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These services consist primarily of real estate tax processing, flood certification services, mortgage credit reporting, default management services, and mortgage loan subservicing. The Financial Services segment engages in originating and purchasing of commercial real estate loans in the southern California market, as well as soliciting deposits through certificates of deposit and passbook savings accounts. The company provides its services to lenders, developers, real estate agents, attorneys, and property buyers and sellers.

It serves residential and commercial customers with approximately 1, offices and a network of over 10, agents throughout the United States, Mexico, Canada, the Caribbean, Latin America, and Europe. LandAmerica Financial Group. Dictionaries export , created on PHP,. Citrix Systems, Inc. CleanSpark, Inc. Clearway Energy, Inc. Class C Cleveland-Cliffs Inc. Cloudera, Inc. Cloudflare, Inc. CMC Materials, Inc. Coherent, Inc. Coherus BioSciences, Inc. Coinbase Global, Inc.

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