For separation of its financial services from information solutions business
The First American, a provider of business information, has filed a Form 10 registration statement with the Securities and Exchange Commission (SEC).
The company said that the filing is an important step toward the completion of its previously announced separation of its financial services businesses from its information solutions businesses.
The transaction, which is expected to close on April 1, 2010, includes the formation of First American Financial Corporation, which will be comprised of First American’s financial services businesses. Upon completion of the transaction, First American shareholders will receive 100% of common stock of the newly formed First American Financial Corporation.
The Form 10 registration statement contains important information about the transaction and the anticipated businesses of First American Financial Corporation, including pro forma financial information.
The First American Family of Companies operate within five primary business segments, including: title insurance and services, specialty insurance, information and outsourcing solutions, data and analytic solutions, and risk mitigation and business solutions.