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LandAmerica scrambling for cash

http://www.inman.com Posted by SarasotaFLRealEstate 1273 days ago

LandAmerica Financial Group Inc. faces "serious liquidity constraints" now that rival Fidelity National Financial Inc. has backed out of a deal to acquire the troubled title insurer, analysts at Fitch Ratings said in slashing LandAmerica's debt rating and the insurer financial strength ratings of its subsidiaries

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