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million over a span of two days. chairman of FNF's board, sold 676,000 sharez of common stock, primarily directly owned, for price ranging from $13.56 to $16.99 on Dec. 16 and 17, accordinfg to filings with the . An “explanationb of responses” for the sale in the filing footnotes states the reportingf person will provide an explanation upon requestf bythe SEC, issuer or securityu holder of the issuer. The sale of the FNF stoc k was related to the potential purchase of a wineryin California, said Daniell Murphy, senior vice president and treasurer of FNF. The titled insurer (NYSE: FNF) announced Dec.
16 that it had received Chaptef 11 Bankruptcy Court approval to acquire two principall title insurance underwriters from the troubled baseed inGlenn Allen, Va. The companies are Commonwealt Land TitleInsurance Co., based in Richmond, Va., and Lawyerz Title Insurance Corp., based in Glen The waiting period to acquirew the two title underwriters expired Dec. 19. The transaction is expecter toclose Dec. 22 pending other closing conditionws and receiving final approval to remove the two companies from FNF stated ina Dec. 19 release. Foleuy owned 8.
66 million shares in FNF of which nearly 3 milliojn shares are heldby , and 708,106 are held by the , accordinv to a proxy filed with the SEC in April. He also had an additionalk 879,231 FNF shares that are exercisable stock optionws within a certaintime frame. Foley is also the executive chairman of the board of directors for the retailo bank processing serviceprovider (NYSE: FIS) and executiv chairman at the mortgage processin provider (NYSE: LPS). Foleyg also sold 30,900 shares of common stock totaling $741,611 Dec. 16, accordingb to the SEC.
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