UofP - MBA580 - Research - Week One through Five

UofP - MBA580 - Research - Week One through Five - COMPANY...

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COMPANY PROFILE / S&P BUSINESS SUMMARY Fidelity Natl Title Grp’A’ ( NYS: FNT ) Company Fact Sheet Address 601 Riverside Avenue Jacksonville, FL 32204 USA Phone 904-854-8100 Fax null WebSite http://www.fntg.com Incorporated Date 2005 Incorporated Place DE Transfer Agent Continental Stock Transfer & Trust Co. Ticker FNT Exchange NYS Chairman Mr. William P. Foley, II Chief Exec Officer Mr. Raymond R. Quirk Chief Fin Officer Mr. Anthony J. Park Vice Chairman Mr. Frank P. Willey Employees 19500 Business Summary Fidelity National Title Group, Inc., through its principal subsidiaries, is the largest title insurance company in the United States. The company’s title insurance underwriters -- Fidelity National Title, Chicago Title, Ticor Title, Security Union Title and Alamo Title -- together issue all of the company’s title insurance policies in 49 states, the District of Columbia, Guam, Puerto Rico, the U.S. Virgin Islands, and in Canada and Mexico. Together, the company’s title insurance underwriters issued approximately 30.5% of all title insurance policies issued nationally during 2004, as measured by premiums. The company’s title business consists of providing title insurance and escrow and other title-related products and services arising from the real estate closing process. The company’s operations are conducted on a direct basis through its own employees who act as title and escrow agents and through independent agents. In addition to its independent agents, the company’s customers are lenders, mortgage brokers, attorneys, real estate agents, home builders and commercial real estate developers. The company does not focus its marketing efforts on the homeowner. On Sept. 26, 2005, Fidelity National Financial, Inc. (FNF) declared a dividend to its stockholders of record as of Oct. 6, 2005 which resulted in a distribution of 17.5% of its interest in the company, which represents the title insurance segment of FNF. Prior to Oct. 17, 2005, the company was a wholly-owned subsidiary of FNF. On Oct. 17, 2005, FNF distributed to its stockholders 0.175 shares of the company’s Class A Common stock for each share of FNF Common stock held on the record date (the Distribution). FNF beneficially owns 100% of the company’s Class B Common stock representing 82.5% of the company’s
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outstanding common stock. Immediately following the Distribution and as of Dec. 31, 2005, FNF controlled 97.9% of the voting rights of the company. Reference Business Week. (2006). Company profile/S&P business summary: Fidelity Natl Title Grp’A’ (NYS: FNT ). Electronically retrieved August 29, 2006, from http://research.businessweek.com/business_summary.asp?Symbol=FNT
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COMPANY PROFILE / S&P BUSINESS SUMMARY Fidelity Natl Finl ( NYS: FNF ) Company Fact Sheet Fidelity National Financial 601 Riverside Ave Jacksonville, FL 32204-2950 904-854-8100 http://www.fnf.com Incorporated Date 1984 Incorporated Place DE Transfer Agent Continental Stock Transfer & Trust Co.
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