November 26, 1996 |
Chicago Title Co. has made several changes in its Ventura County operations. Michael Bossard, a 33-year title industry professional, has been named company vice president and Ventura County Market Center manager. Sheila Wright has been appointed Ventura sales representative, Elizabeth Puliti has been named a title and escrow sales representative in the Camarillo area, and Jeanie Mack has been appointed sales representative in the Ojai, Santa Paula and Fillmore areas.
August 2, 1999 |
Fidelity National Financial Inc. said Sunday that it reached an agreement to acquire Chicago Title Co. for $1.2 billion in cash and stock, creating a new kingpin in the nation's $8-billion title insurance industry. The combined companies, which would retain Fidelity's name and Irvine headquarters, would have more than $3.2 billion in annual revenue, nearly 1,000 offices nationwide and a 30% share of the title market.
February 10, 2000
Shareholders of Irvine-based Fidelity National Financial Inc. approved the company's merger with Chicago Title Corp. Chicago Title shareholders will meet Friday to vote on the deal, which would create the largest title insurance company. The companies hope to close the deal by the end of March. Last month, the Federal Trade Commission approved Fidelity National's proposed acquisition of Chicago Title, provided the companies agree to make some divestitures.
July 31, 1999 |
Acquisition talks between Irvine-based Fidelity National Financial Inc. and its larger rival, Chicago Title Corp., got a mixed reception from Wall Street on Friday, with some analysts expressing reservations about the deal. Shares in Chicago Title surged nearly 17% to close at $42.75 Friday in heavy trading on the New York Stock Exchange, but questions and skepticism about the proposed deal kept the share price well below the $57-to-$64 range that analysts predicted Chicago Title would fetch.
March 23, 2000 |
Wasting no time after closing its $1.1-billion merger earlier this week, Fidelity National Financial Inc. said Wednesday that it plans to slash about 1,500 jobs nationwide--including as many as 100 in Southern California--over the next 12 months as it consolidates operations with former rival Chicago Title Corp. The Irvine company, which is now the nation's No.
March 11, 2000 |
Fidelity National Financial Inc. said Friday that the California Department of Insurance approved its purchase of Chicago Title Corp., a combination that would create the largest U.S. insurer of property titles. Fidelity said it is still awaiting approval from the Oregon Department of Insurance. Once that is received, all required regulatory approvals will have been received, Irvine-based Fidelity said. The purchase is expected to close mid-month. Fidelity's stock fell 50 cents a share to $15.