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Filed by Chicago Title Corporation
Pursuant to Rule 425 under the
Securities Act of 1933 Subject Company:
Chicago Title Corporation. Registration
File No.: 333-89163
CONTACTS:
MEDIA ANALYSTS
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BARBARA HARMS TOSHIE DAVIS
312-223-2461 312-223-4788
FOR IMMEDIATE RELEASE
CHICAGO TITLE CORPORATION AND FIDELITY NATIONAL FINANCIAL, INC.
SCHEDULE MERGER DATE
CHICAGO, MARCH 13, 2000 -- CHICAGO TITLE CORPORATION (NYSE: CTZ) today announced
that the merger with Fidelity National Financial, Inc. is scheduled to take
place on March 20, 2000, now that Fidelity has received approvals from the
insurance regulatory authorities in the states of California and Oregon.
Accordingly, Chicago Title stockholders must deliver their completed election
forms to Harris Trust and Savings Bank, the exchange agent, by 5:00 p.m. New
York City time, on March 20, 2000, in order for their elections of consideration
to be received in the merger to be valid. Election forms should be completed and
delivered in accordance with the instructions set forth in such form. Chicago
Title stockholders may call either Harris Trust and Savings Bank at (800)
245-7630, or Georgeson Shareholder Communications, Inc., the information agent
for the merger, at (800) 223-2064, with any questions about the election form or
making an election.
Chicago Title expects to make an announcement as to the amount of the merger
consideration after completion of the 30-trading-day pricing period on March 16,
2000.
Chicago Title Corporation, through its subsidiaries, provides title insurance,
escrow and closing services as well as property valuation, credit information,
default management and flood compliance products through a network of more than
340 offices and approximately 4,300 agents nationwide. Chicago Title
Corporation's title insurance subsidiaries, Chicago Title Insurance Co., Ticor
Title Insurance Co. and Security Union Title Insurance Co., issue approximately
one in every five title insurance policies in the United States. Subsidiaries
furnishing other real
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estate-related products include Chicago Title Flood Services Inc., Chicago Title
Credit Services Inc., Chicago Title-Market Intelligence Inc. and Chicago Title
Field Services Inc.
The statements made in this press release contain certain forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 that involve a number of
uncertainties and risks that could significantly affect current plans and
anticipated actions and Chicago Title's future financial condition and results.
In addition to the matters described in this press release, risk factors listed
from time to time in Chicago Title's reports and filings with the Securities and
Exchange Commission may affect the results achieved by Chicago Title.
Investors are urged to read the Registration Statement on Form S-4 filed by
Fidelity, which relates to the shares of Fidelity common stock to be issued in
the merger and includes the joint proxy statement/prospectus of the parties in
respect of the merger. The Registration Statement (and other filings of the
parties incorporated by reference therein) are available for free at the
Securities and Exchange Commission's web site (www.sec.gov). Investors also may
obtain copies of the joint proxy statement/prospectus and Chicago Title SEC
filings for free from Chicago Title.
Note: For further information on Chicago Title's products and services, visit
the company's web site at http://www.ctt.com.
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