America countries to acquire Capital Securities Group Inc strengthens presence in key Western countries
Theodore L. Chandler, Jr., President and CEO of Land America Financial Group, Inc., a leading provider of real estate transaction, and Donald R. director, chairman, president and CEO of Capital Securities Group, Inc. jointly announced that their companies have signed an agreement providing for the acquisition of securities of countries America Capital Group, Inc. (Capital Security), a title insurance underwriters, agent, and resolution of service, subject to approval by the capital securities of shareholders and maintaining all necessary administrative authorizations.
Founded in 1981, Capital operates as a first line as a title underwriter and agents in Arizona, California and Nevada. Subtitles and closing services, about 17 percent of the capital’s Business titles range of services settlement mortgage banks. The addition of these services are added, both countries lender America’s Services platform to promote their efforts to diversify its business-Mix. Currently under Capital has more than 2500 employees and operates about 140 offices. In 2005, Capital was as Fortune Magazine’s top 100 companies in rapid growth for the second consecutive year.
America countries, has agreed to acquire 100% of capital under the common pool for a consideration of approximately $ 251 million, of which 80% are paid in cash and 20 percent American Country shares. The purchase price represents a value of approximately $ 8.00 per share for equity holders of Capital Securities.
Related Articles
ID-theft protection firm faces lawsuit
A Maricopa County residence, a proposal for a class action against the appeal based on Tempe Life Lock, protection against identity theft of corporations, including the promotion of its prominent CEOs social insurance number, see how he is confident in his company. The complaint, filed Friday, said the company is not
The company has its own 7 S.D. Apartment common
Only a few hours after the fire of its founder almost finished burned, 206 unit dwelling on the ground, director Stuart Posnock a term of lumber. Deliveries will not be used for rebuilding the structure verkohlten - it takes up to one year to restart the establishment. Instead, the beam and
Arizona State Farm to increase automobile insurance rates
State Farm has a long list Friday, insurance companies that plan to increase its overall auto insurance rates this year in Arizona. The largest insurer of cars in Arizona and the Nation, State Farm is increasing their overall rate of insurance a level of 4.2 per cent of the average effective
Arizona Dept. of Insurance publishes a new survey
A new look has opted for the Spring 2001 leaving the Arizona Department of Insurance Premium Survey automobile comparison. The premiums are 10 cities across the state. Director of Insurance Charles Cohen noted that the new semi-annual premium comparison investigation is now much easier to read and aims to encourage consumers
Habits of movement of tilting may Calif Cut Auto Rates
Thanks to the reduction in the number of kilometres driving each week, California commuters could reduce their automobile insurance premiums, Insurance Information Network of California. Given that rising fuel prices past $ 3 per gallon in some areas, such tilting can transport in order to facilitate the issue. But public
Premium-circuit throughout the country, a buyer's market develops in automatic mode and homeowners policy
Registration want $ 100 or $ 200? The rise and fall in regular premium for automobile insurance and homeowners - a cycle as old as the industry - has finally changed in favour of consumers. And with a little effort and a little luck, you can see this trend in
Split parties most in Health Care
Given that presidential candidates meet the growing fear of many economic issues, some of the differences more clearly in the debate this fall, is expected to correspond to health care. During the Democrat government to use as leverage to support the 47 million people in the USA without health insurance, Senator
The Arizona Republic Wallet Watch column
Although people say they are concerned about what's happening with their paychecks, while on vacation, many leave the city without precautions. According to a survey conducted by Direct Deposit coalition direct payments and St. Louis, 59 percent of respondents do not use direct deposit city, without any provisions for their paychecks. Of
Troubles Grow Loan for banks and S. & L.
Property problems for banks and savings banks has deteriorated sharply from 1990 moved from South and North-West and the Middle East-Atlantic States, the government said today. The Office of Thrift Supervision, said the 2342 savings institutions remain outside the government lost control of $ 965 million during the last three months
Why U.S. Air North West to avoid Delta
A merger between U.S. Airways (LCC - Cramer's Take - Stockpickr) and Delta Air Lines (DALRQ - Cramer's Take - Stockpickr) seems to cry for checking the legislation, while business for another vehicle in a state of bankruptcy, North West (NWACQ - Cramer's Take - Stockpickr), would probably not attract