The announcement, which came less than a week after Fidelity National terminated its $125 million merger agreement with LandAmerica, sent shares of LandAmerica down 78% in recent trading to 20 cents. Shares of the company, which as of Tuesday had a market capitalization of about $7.8 million, already have shed about 95.4% of their value so far this week. After Fidelity walked away from their proposed merger Friday, several analysts suggested LandAmerica would likely need to seek bankruptcy protection. Fitch Ratings downgraded LandAmerica's debt ratings to junk status, while Standard & Poor's also lowered its counterparty credit rating on LandAmerica to junk territory. The merger deal with Fidelity was expected to take advantage of LandAmerica's tumbling share price as Fidelity National looked to become stronger in the face of crimped capital markets and slumping housing sales.