Applications for approval of transactions: The FTC has received an application for approval of a transaction from the following. The FTC is seeking public comments on the application for 30 days, until August 12, 1998.
LandAmerica Financial Group, Inc., formerly known as Lawyers Title Corporation (LTC) has submitted two divestiture applications to the FTC. The divestitures are required under a consent order with the FTC that settles charges its acquisition of the title insurance operations of Reliance Group Holdings, Inc., including Reliance's Group's indirect subsidiaries Commonwealth Land Title Insurance Company and Transnation Title Insurance company, would reduce competition in local markets for title plant services in 11 localities in three states, and the District of Columbia. The applications submitted are for title plants in two Florida counties -- Clay County and St. Johns County. Both title plants would be sold to Metropolitan Title and Guaranty Co. of Tampa, Florida. (See news releases dated June 5, 1998; May 27, 1998; February 24, 1998; Docket No. C-3808. Staff contact is Daniel P. Ducore, 202-326-2526.)
Copies of the documents referenced above are available from the FTC's web site at http://www.ftc.gov and also from the FTC's Consumer Response Center, Room 130, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580; 202-FTC-HELP (202-382-4357); TTY for the hearing impaired 1-866-653-4261. To find out the latest news as it is announced, call the FTC NewsPhone recording at 202-326-2710.