Special Committee of First Advantage Corporation Retains Morgan Stanley as Financial Advisor
21 Julho 2009 - 5:02PM
PR Newswire (US)
POWAY, Calif., July 21 /PRNewswire-FirstCall/ -- First Advantage
Corporation (NASDAQ:FADV), a global risk mitigation and business
solutions provider (the "Company"), today announced that the
Special Committee of the Board of Directors of the Company retained
Morgan Stanley & Co. Incorporated as its financial advisor. As
previously announced, Dewey & LeBoeuf LLP is acting as legal
advisor to the Special Committee. The Special Committee, with the
assistance of its financial and legal advisors, is evaluating the
June 29, 2009 unsolicited proposal from The First American
Corporation, the majority stockholder of the Company ("First
American"), to acquire all of the issued and outstanding shares of
the Company's common stock not owned by First American at a fixed
exchange ratio of 0.5375 of a share of First American common stock
for each share of the Company's common stock. There can be no
assurance that any transaction will be consummated or, if
consummated, on what terms any such transaction will be
consummated. About First Advantage Corporation First Advantage
Corporation (NASDAQ:FADV) combines industry expertise with
information to create products and services that organizations
worldwide use to make smarter business decisions. First Advantage
is a leading provider of consumer credit information in the
mortgage, automotive and specialty finance markets; business credit
information in the transportation industry; lead generation
services; motor vehicle record reports; employment background
verifications; occupational health services; applicant tracking
systems; recruiting solutions; skills and behavioral assessments;
business tax consulting services; computer forensics; electronic
discovery; data recovery; due diligence reporting; resident
screening; property management software and renters insurance.
First Advantage ranks among the top companies in all of its major
business lines. First Advantage is headquartered in Poway, Calif.,
and has offices throughout the United States and abroad. More
information about First Advantage can be found at
http://www.fadv.com/. First Advantage is a majority-owned
subsidiary of The First American Corporation (NYSE:FAF), a FORTUNE
500(R) company that traces its history to 1889. First American is
America's largest provider of business information, supplying
businesses and consumers with valuable information products to
support the major economic events of people's lives. Additional
information about the First American Family of Companies can be
found at http://www.firstam.com/. Contacts: Henri Van Parys Cindy
Williams Corporate Communications Manager Director - Investor
Relations 727.214.1072 727.214.3438 DATASOURCE: First Advantage
Corporation CONTACT: Henri Van Parys, Corporate Communications
Manager, +1-727-214-1072, , or Cindy Williams, Director - Investor
Relations, +1-727-214-3438, , both of First Advantage Corporation
Web Site: http://www.firstam.com/ http://www.fadv.com/
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