The First American Corporation announces intent to acquire minority ownership of First American CoreLogic

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
 
ACQUISITION 
FDN Database Reference:  F231109-356
 
Acquirer:  The First American Corporation
ACQ Web:  http://www.firstam.com 
Location:  USA, Santa Ana, CA
Region:  North America
Description:  A FORTUNE 500® company that traces its history to 1889. With total revenues of approximately $6.0 billion in 2009, it is America’s largest provider of business information. The  company operates within five primary business segments, Title Insurance and Services, Specialty Insurance, Information and Outsourcing Solutions, Data and Analytic Solutions, and Risk Mitigation and Business Solutions.
Category:  Property. Market Data
Contact 1:  Parker S. Kennedy, Chairman and Chief Executive Officer
Contact 2:  Dennis J. Gilmore, Executive Vice President, Chief Executive Officer of First American’s Financial Services Company
Contact 3:  Anand  Nallathambi, Executive Vice President, President, Chief Operating Officer of First American’s Information Solutions Company
Contact 4: George Livermore, President, Data and Analytic Solutions Segment
Contact 5:  Anthony “Buddy” Piszel, Chief Financial Officer and Treasurer 
 
Vendor:  First American CoreLogic
Vendor Web:  http://www.facorelogic.com  
Description:  U.S. provider of real estate, property, ownership, fraud, mortgage, and mortgage securities data—and advanced analytics using this data—for the assessment of real estate sales, collateral valuation, home price trends, mortgage originations, mortgage- and asset-based securities pricing, foreclosures, delinquencies and asset dispositions.
Category: Property
Contact:  Steve Schroeder, former CEO of CoreLogic and senior vice president of First American CoreLogic.
 
Aprox. Value:  Undisclosed
 
Details:  The First American Corporation (NYSE: FAF), America’s largest provider of business information, today announced that it has executed a letter of intent to acquire the minority ownership of First American CoreLogic

The First American Corporation previously held an 82 percent ownership in the company.  First American CoreLogic is a key component of the company’s Information Solutions Group, which will be separated from the company’s Financial Services Group upon the completion of the previously announced spin-off, targeted for June 1, 2010.
 
Link: Press Release

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