RICHMOND, Va., and Scottsdale, Ariz., Sept. 5 /PRNewswire-FirstCall/ -- LandAmerica Financial Group, Inc. and Capital Title Group, Inc. (NASDAQ-Global Select Market: CTGI) jointly announce today that they have obtained all necessary regulatory approvals for LandAmerica's acquisition of Capital Title. Closing will occur in accordance with the terms of the parties' agreement. When the acquisition occurs, LandAmerica and Capital Title will jointly announce the applicable exchange rate and the deadline by which Capital Title stockholders must submit their election forms to elect their preferred form of consideration.
About LandAmerica Financial Group, Inc.
Headquartered in Richmond, Virginia, LandAmerica Financial Group, Inc. is a leading provider of real estate transaction services. Through its many subsidiaries, LandAmerica serves residential and commercial customers with more than 900 offices and a network of 10,000 active agents throughout the United States, Mexico, Canada, the Caribbean, Latin America and Europe. LandAmerica is recognized on Fortune magazine's 2006 list of America's most admired companies.
About Capital Title Group, Inc.
Headquartered in Scottsdale, Arizona, Capital Title Group, Inc., through its subsidiaries offers services throughout the United States for title insurance, appraisal and valuation services, and other related services to residential and commercial customers in the real estate and mortgage lending industries. Subsidiary companies include -- Capital Title Agency, New Century Title Company, United Title Company, First California Title Company, Land Title of Nevada, CTG Real Estate Information Services, Nationwide Appraisal Services, Nationwide TotalFlood Services, Inc., NAC1031 Exchange Services, 1031 ExchangePoint, Inc., and AdvantageWare -- with strategically located offices in Arizona, California, Nevada, Pennsylvania, and Texas. The Company is also licensed to issue and underwrite title insurance policies in Arizona, California, Florida, Nevada, New York, Pennsylvania, and Texas through its underwriting subsidiary, United Capital Title Insurance Company. The combined companies have in excess of 2,500 employees.
