CHICAGO, July 30 /PRNewswire/ -- Chicago Title Corporation (NYSE: CTZ)
confirmed today that it is in discussions with Fidelity National Financial,
Inc. (NYSE: FNF) regarding a possible business combination. The transaction
would be structured as an acquisition of Chicago Title by Fidelity National.
There can be no assurance that an agreement on such a business combination
will be reached, or, if an agreement is reached, that any transaction will be
consummated.
Chicago Title has issued this press release in response to press reports
and inquiries.
Chicago Title is a leading national real estate services company that
provides a full range of services required to complete real estate
transactions. With over 340 full service offices, 10,000 employees and 4,300
policy-issuing agents nationwide, it provides title insurance, escrow, closing
services, property valuation, credit reporting, flood compliance, home
warranty, default management and real estate information and technology
services. Chicago Title is the parent of Chicago Title and Trust Company,
Chicago Title Insurance Co., Ticor Title Insurance Co. and Security Union
Title Insurance Co. A comprehensive package of real estate services is
available through CastleLink(SM), which delivers title products as well as the
products of Chicago Title Flood Services, Inc., Chicago Title Credit Services
Inc., Chicago Title-Market Intelligence Inc., Chicago Title Field Services
Inc. and Consolidated Reconveyance.
The statements made in this press release contain certain forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 that involve a number of
uncertainties and risks that could significantly affect current plans and
anticipated actions and Chicago Title's future financial condition and
results. In addition to the matters described in this press release, risk
factors listed from time to time in Chicago Title's reports and filings with
the Securities and Exchange Commission may affect the results achieved by
Chicago Title.
For more information on Chicago Title Corporation via fax, free of charge,
dial 1-800-PRO-INFO and enter the ticker "CTZ."
SOURCE Chicago Title Corporation
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Related links:
http://www.ctt.com
CONTACT:
Analysts, Toshie Y. Davis, Vice President,
Investor Relations, 312-223-4788, or Media, Barbara Harms, Vice
President, Corporate Communications, 312-223-2461, both of
Chicago Title Corporation
NOTE TO EDITORS: For further information on Chicago Title's
products and services, visit our web site at http://www.ctt.com
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