FIRST AMERICAN <FAMR.O> BUYS BACK STOCK
First American Financial Corp
said it repurchased 997,756 shares, or 18 pct of its own common
stock, from American Century Corp <ACT> for 29.50 dlrs per
share in cash and two real estate properties in California.
    Concurrent with the closing of the deal, its First American
Title Insurance Co unit entered into a long-term lease
arrangement for the properties, First American said.
    It also said the stock it is repurchasing will be retired
and not re-issued.
 Reuter
