Capital Title schedules shareholder vote on merger
July 11, 2006
Next month, Capital Title Group Inc. will ask its stockholders to approve a proposed buyout of the company by LandAmerica Financial Group Inc.
The special shareholders meeting has been scheduled for Aug. 10, with a record date of July 11.
As announced March 29, Capital Title entered into a definitive agreement to become a wholly owned subsidiary of LandAmerica, a provider of real estate transaction services, for $251 million in cash and stock.
The merger is subject to Capital Title shareholder approval and receipt of all required regulatory approvals.
Capital Title Group (NASDAQ: CTGI - News) is a Scottsdale-based provider of title and appraisal services.
Source: Capital Title Group