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Fidelity National Financial, Inc.
Fidelity National Financial, Inc. Announces Chapter 11 Bankruptcy Court Approval of Amended Stock Purchase Terms and Nebraska Rehabilitation Order to Release Commonwealth Land Title and Lawyers Title from Rehabilitation
January 10th, 2009
Fidelity National Financial, Inc. (NYSE:FNF) announced that the Chapter 11 Bankruptcy Court has approved amended terms related to the acquisition of LandAmerica Financial Group, Inc.'s ("LFG") two principal title insurance underwriters, Commonwealth Land Title Insurance Company ("Commonwealth") and Lawyers Title Insurance Corporation ("Lawyers"). The amended terms will reduce the total purchase price for Commonwealth and Lawyers to approximately $235 million. Chicago Title Insurance Company ("Chicago Title") and Fidelity National Title Insurance Company ("Fidelity National Title") will pay a total of approximately $135 million in cash to LFG. Additionally, FNF will pay...
Source: Law & Health Weekly (2009-01-10)
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