For Your Information: August 6, 1998
The Federal Trade Commission today announced the following actions.
Commission action regarding applications for approval: Following a public comment period, the Commission has ruled on an application for approval of a transaction from the following:
- LandAmerica Financial Group, Inc., formerly known as Lawyers Title Corporation (LTC), has been given permission to divest seven title plants in the District of Columbia, Florida and Michigan. The divestitures are required under a consent order with the FTC that settles charges that the company's acquisition of the title insurance operations of the Reliance Group Holdings, Inc., including Reliance 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 Commission vote to approve the divestitures was 4-0. (See news releases dated July 13, 1998; June 5, 1998; May 27, 1998; February 24, 1998; Docket No. C-3808. Staff contact is Daniel P. Ducore, 202-326-2526.)
Consent agreements given final approval: Following a public comment period, the Commission has made final consent agreements with the following entities. The Commission action makes the consent orders binding on the respondents.
- Fastline Publications, Inc. and Mid-America Equipment Retailers Association. The Commission vote to make the consent order final was 4-0. (See news release dated May 11, 1998; Docket No. C-3819; Staff contacts are William J. Baer, 202-326-2555, or Willard K. Tom, 202-326-2786.)
- Bodgana Corporation and Western Direct Marketing Group, Inc. The Commission votes to make these orders final were 4-0. (See news release dated May 12, 1998; Docket Nos. Bodgana: C-3820; Western: C-3821; Staff contact is Joel Winston, 202-326-3153.)
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 202-326-2502. To find out the latest news as it is announced, call the FTC NewsPhone recording at 202-326-2710.
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