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Pharma Investments, Ventures & Law Weekly

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LandAmerica Financial Group, Inc.



LandAmerica Signs Stock Purchase Agreement for Underwriters



December 14th, 2008

LandAmerica Financial Group, Inc. (NYSE:LFG) announces the signing of a definitive Stock Purchase Agreement for the sale of the Company's two principal title underwriting subsidiaries, Lawyers Title Insurance Corporation ("Lawyers Title") and Commonwealth Land Title Insurance Company ("Commonwealth"), as well as United Capital Title Insurance Company ("United") to Fidelity National Title Insurance Company ("Fidelity") and Chicago Title Insurance Company ("Chicago"). In order to facilitate the closing of the transactions under the Stock Purchase Agreement and protect the Company's remaining assets following the recent announcement of the termination of its 1031 exchange business, the...


Source: Pharma Investments, Ventures & Law Weekly (2008-12-14)

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