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Prospect News home > News index > List of issuers L > Headlines for LandAmerica Financial Group Inc. > News item
Published on 2/18/2005 in the Prospect News Convertibles Daily.

LandAmerica switches convertibles to net share settlement

New York, Feb. 18 - LandAmerica Financial Group, Inc. said it has changed its $115 million of 3.125% convertible senior debentures due 2033 to net share settlement.

The Richmond, Va., title insurance company said it has irrevocably chosen to pay cash up to the principal amount in the event of a conversion. Previously the company could pay cash or stock, according to an 8-K filing with the Securities and Exchange Commission.


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