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Article: FIDELITY NATIONAL FINANCIAL INC. REITERATES PROPOSAL TO MERGE WITH U.S. FACILITIES CORP. AND CONTINUES TO WAGE PROXY FIGHT
- Article from:
- PR Newswire
- Article date:
- May 12, 1994
CopyrightCOPYRIGHT 1994 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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(The following was released yesterday)
IRVINE, Calif., May 11 /PRNewswire/ -- Fidelity National Financial
Inc. (NYSE: FNF), one of the nation's leading title insurance underwriters, announced today that Fidelity has reiterated its $15 per share all cash or part cash-part stock merger proposal to US Facilities Corp. (NASDAQ: USRE). To date, US Facilities has refused to meet with or provide due diligence information to Fidelity or to take any public position of Fidelity's proposal. Fidelity originally submitted its merger proposal to US Facilities on April 25, 1994.
Fidelity also announced that it has retained Merrill Lynch to act as its ...