First American (FAF) Unit to Acquire Hexter-Fair Title Co.
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First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF), as signed an agreement to acquire Hexter-Fair Title Company, a Dallas-Fort Worth-based title and escrow company founded in 1916.
The transaction is expected to close in January 2012 pending regulatory approval and terms of the deal were not disclosed. With the acquisition of Hexter-Fair, First American will increase its market share by adding 21 new offices in the Dallas-Fort Worth metropolitan area.
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The transaction is expected to close in January 2012 pending regulatory approval and terms of the deal were not disclosed. With the acquisition of Hexter-Fair, First American will increase its market share by adding 21 new offices in the Dallas-Fort Worth metropolitan area.
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