First American Finishes Acquisition
First American Financial Corp. said it completed its acquisition of Data Tree Corp. for 632,006 shares of First American common stock.
Santa Ana-based First American said in March that it agreed to acquire Data Tree for between $40 million and $50 million in stock and the assumption of $8 million in Data Tree debt. Harish Chopra will remain president of Data Tree, a San Diego provider of database management and document imaging systems.
First American Financial provides real estate-related financial and information services.