Industry News

LandAmerica announces layoffs, stock repurchase

Title insurer a potential takeover target
Published on Aug 29, 2007

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by CareyBot

LandAmerica Financial Group Inc. plans to lay off about 1,100 employees in a cost-cutting move and repurchase nearly 20 percent of its outstanding common stock — moves that could help the company fend off a hostile takeover attempt. LandAmerica said ...