First American To Take CoreLogic Name After SpinoffOriginally published April 28, 2010 at 8:32 a.m., updated April 28, 2010 at 9:23 a.m.
Santa Ana-based First American Corp. has selected the name CoreLogic Inc. for its remaining information services group after a planned spinoff of its dominant title insurance unit in coming weeks.
The spinoff, in the works for nearly two years, is expected to be completed by June.
First American made the official announcement of the name change on Wednesday. News of the name change had been disclosed earlier this month in filings with the Securities and Exchange Commission.
CoreLogic is set to trade under the symbol "CLGX" on the New York Stock Exchange.
First American’s title operations will operate under the First American Financial Corp. name and retain the company's current "FAF" ticker.
The CoreLogic name already is familiar to the company. First American bought Sacramento’s CoreLogic Systems Inc. in early 2007, in a $100 million plus stock deal.
After buying CoreLogic Systems—a provider of housing mortgage risk management and fraud protection technology—in 2007, the company renamed that division First American CoreLogic.