Lawyers Title Corp. to buy assets of NYC agent for cash.Lawyers Title Corporation (NAS-DAQ-LTCO), holding company for Lawyers Title Insurance Corporation, headquartered in Richmond, Virginia Richmond IPA: [ɹɯʒmɐnɖ] is the capital of the Commonwealth of Virginia, in the United States. , announces it has signed a letter of intent to purchase for cash the assets of LTIC LTIC Laughing 'Til I Cry LTIC Long-Term Incentive Compensation LTIC Last Time I Checked LTIC Linear Time Invariant Continuous time (system) Assoc. Inc., of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , its largest agent. The transaction is expected to close in the second quarter of 1992. LTIC Assoc. Inc., founded in 1979, is a full-service title insurance operation specializing in commercial real estate, condominiums and co-ops, and national transactions. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Charles H. Foster, Jr., chairman and chief executive officer of Lawyers Title, "The purchase is part of Lawyers Title's strategy to pursue acquisitions and expand its direct operations. New York City is important to us as a local market as well as a center for mortgage lending nationwide." LTIC Assoc. Inc., will operate as a subsidiary of Lawyers Title. The founders of LTIC Assoc. Inc., Philip O'Hara, George A. Metzger and Judah B. Klein Klein , Melanie 1882-1960. Austrian-born British psychoanalyst who first introduced play therapy and was the first to use psychoanalysis to treat young children. , will serve as the chief executive officer, president and general counsel respectively of the subsidiary. |
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