Fidelity National Financial, Inc. to Acquire Key Title Company to Bolster Ticor Brand
|March 28, 2003|
IRVINE, Calif., /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc. (NYSE: FNF ), and its wholly owned subsidiary, Ticor Title Insurance Company ("Ticor"), today announced the signing of a definitive agreement whereby Ticor will acquire 100 percent of the outstanding common stock of Key Title Company ("Key Title").
Key Title operates in twelve counties in the state of Oregon and generated more than $20 million in revenue in 2002. The cash transaction is scheduled to close on March 31, 2003.
"This acquisition supports our ongoing strategic commitment to grow the Ticor Title brand," said FNF Chairman and Chief Executive Officer William P. Foley, II. "The Key Title operations in western Oregon will significantly enhance both Ticor's direct operations and its referral network in the Oregon market."
Source: Fidelity National Financial, Inc.,