November 24, 1999 |
First American Financial Corp., which operates the nation's second-largest title insurance company, said Tuesday that it has acquired two privately held companies. No financial terms were disclosed. The company's First American Title Insurance Co. subsidiary acquired the 80% of Pioneer Agency in Quakertown, Pa., that it didn't already own. The acquisition strengthens its presence in Pennsylvania.
August 12, 1998 |
Fidelity National Financial Inc. said Tuesday it agreed to acquire Five Star Holdings Inc., a privately held California insurer, in a stock transaction. Under terms of the proposed deal, Five Star shares will be converted into 600,000 shares that would be worth more than $21 million, based on the price of Fidelity's shares on Tuesday. Fidelity's stock closed at $35.63, down $1 a share.
October 2, 1998 |
A planned merger between Fidelity National Financial Inc. and insurer Five Star Holdings Inc. was called off Thursday, the second deal that has collapsed recently for Irvine-based Fidelity. Dirk McNamee, president of Five Star, said he halted the deal because the volatile stock market has taken a toll on Fidelity's stock, "making it difficult for us to agree on a pricing formula for the merger." "We're all pretty disappointed," he said. "No reflection on Fidelity.