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twitterChicago Title sold for $1.2 bil.
Monday, Aug. 2, 1999 | 11:17 a.m.
CHICAGO -- Real estate services company Fidelity National Financial Inc. agreed to buy larger rival Chicago Title Corp. for about $1.2 billion, or $52 a share, in about equal amounts of cash and stock.
The purchase, announced Sunday, more than doubles the size of Fidelity National Financial to about 1,000 offices throughout the country. The combined company will retain the name Fidelity National Financial, but will be run separately, First National said in a news release.
Chicago Title is the nation's No. 3 title insurer.
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