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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
CONTACT:
MEDIA ANALYST
- ----- -------
BARBARA HARMS TOSHIE DAVIS
312-223-2461 312-223-4788
FOR IMMEDIATE RELEASE
CHICAGO TITLE CORPORATION ANNOUNCES UPDATE
ON MERGER AND REGULATORY APPROVALS
CHICAGO, IL, FEBRUARY 29, 2000 -- Chicago Title Corporation (NYSE: CTZ) today
announced that completion of its merger with Fidelity National Financial, Inc.
still remains on track, subject to the receipt of approvals from the insurance
regulatory authorities in the states of California and Oregon. While the merger
will not take place on March 1, 2000 as previously anticipated, the insurance
regulatory approvals are expected shortly. Upon their receipt, Chicago Title
plans to issue a press release announcing the scheduled date of the merger and
the deadline by which Chicago Title stockholders must submit election forms in
order for their elections of consideration to be received in the merger to be
valid.
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 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,
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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.
