First American Deal
<i> Dow Jones</i>
First American Financial Corp. said Monday it acquired ShadowNet Mortgage Technologies LLC, a Colorado provider of software programs that allow mortgage lenders to order and receive closing documents. Financial terms of the stock acquisition weren’t disclosed.
First American’s shares rose $2.50, or 9%, to $28.75
First American said ShadowNet will conduct business using the First American Nationwide Documents brand name.
Santa Ana-based First American Financial provides real estate-related financial and information services.