Spin-off
June 1, 2010 marked the separation of the First American Corporation's financial services operations and its information solutions businesses into two independent public companies. The spin-off was intended to allow First American to focus solely on its core businesses.
As part of a spin-off transaction, First American Financial Corporation common stock was distributed to shareholders of The First American Corporation on June 1, 2010. The First American Corporation assumed the new name CoreLogic, Inc. on that day. The shares of both companies traded on a “when-issued” basis from May 24, 2010 through June 1, 2010, and began full-fledged trading on the New York Stock Exchange on June 2, 2010; First American Financial Corporation under the ticker symbol FAF, and CoreLogic, Inc. under the ticker symbol CLGX.
On June 1, 2010, each shareholder received one share of First American Financial Corporation common stock for every share of The First American Corporation common stock held as of the close of business on the record date of May 26, 2010. Shareholders also received a cash payment in lieu of any fractional shares.
–== Selected subsidiaries and divisions ==
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