Fidelity Acquisition
<i> Dow Jones</i>
Fidelity National Financial Inc. completed its acquisition of San Antonio-based Alamo Title Holding Co. for 2.1 million shares of stock worth about $74 million.
Irvine-based Fidelity said Monday it became the second-largest underwriter in Texas as a result of the transaction.
Fidelity will continue to use the Alamo Title name in selected operations in Austin, Houston, and Dallas. Darryl J. Tyson will manage the five-state region comprising Texas, Oklahoma, New Mexico, Louisiana and Georgia for Fidelity and Alamo Title from a regional headquarters in San Antonio.
Alex H. Halff, formerly senior chairman of Alamo Title, was named chairman emeritus.
