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Spotlight: First American to Buy Employee Screening Firm

September 02, 1998

First American Financial Corp., America's largest real estate title insurer, said it will buy CIC Inc., a privately held employee screening concern, for an undisclosed price in an all-stock deal. The acquisition is part of Santa Ana-based First American's plan to move into "less cyclical markets by forming alliances with leaders in complementary industries," spokesman John Long said. Largo, Fla.-based CIC searches criminal and driving records and checks the credit and employment histories of job applicants.

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