Fidelity National Financial, Inc. Closes On Acquisition of ANFI
|March 27, 2003|
IRVINE, Calif., /PRNewswire-FirstCall/ -- Fidelity National Financial, Inc. (NYSE: FNF),a national provider of title insurance and real estate related products and services, announced the closing of its acquisition of ANFI, Inc. (formerly Nasdaq: ANFI), a provider of title insurance and other real estate related services.
Under the terms of the transaction, each share of ANFI common stock was exchanged for .4540 shares of FNF common stock. FNF issued approximately 3.2 million shares of FNF common stock to holders of ANFI common stock.
"FNF has made a strategic commitment to grow its Ticor Title brand and the acquisition of ANFI is a key component of this strategy," said FNF Chairman and Chief Executive Officer William P. Foley, II. "We will operate the ANFI direct operations under the Ticor brand name, resulting in a significant expansion of Ticor's current direct operations and referral network throughout the Western United States, particularly in California, Arizona and Nevada."
Source:Fidelity National Financial, Inc.