Articles by Crystal Tse and Scott Deveau

CoStar and Warburg Are Said to Be Competing to Buy CoreLogic: Bloomberg

CoStar Group Inc. and a private equity group led by Warburg Pincus are the final bidders competing for data provider CoreLogic Inc., according to people familiar with the matter. CoreLogic, which is evaluating the offers, is expected to decide in …

Brookfield Asset Management to Launch Reinsurer; Distribute Shares to Investors

Brookfield Asset Management Inc. is launching a reinsurance business and plans to distribute shares in the new entity to its investors in the form of a $500 million special dividend. Bruce Flatt, Brookfield’s chief executive officer, said in a letter …

CoreLogic Shareholders Should Support Dissident Nominees for Board, Says ISS

Two investors pushing CoreLogic Inc. to explore a sale won partial support from a prominent shareholder advisory firm, which urged shareholders to support three of the dissident group’s nominees for the board. Institutional Shareholder Services Inc. said investors should elect …

CoreLogic Engaged in Takeover Talks With CoStar, Warburg

CoreLogic Inc. is in discussions with CoStar Group Inc. and a consortium consisting of Warburg Pincus and GTCR about a potential takeover, valuing the company at more than $80 a share, according to a person familiar with the matter. CoStar …

CoreLogic Bidders Seek Shareholders’ Support to Replace Nine Directors

The investors seeking to take over CoreLogic Inc. plan to solicit support from fellow shareholders to replace nine directors, after the company rejected their $7 billion proposal to take it private. Cannae Holdings Inc. and Senator Investor Group previously said …

CoreLogic Meets with Investors Cannae, Senator About Their Acquisition Bid

CoreLogic Inc. met with two of its investors for the first time Tuesday to discuss their $7 billion proposal to take the real estate data company private. Representatives from Cannae Holdings Inc. and Senator Investment Group discussed the $65-a-share proposal …

PG&E, Gov. Newsom Split Over State Takeover Authority

A clause that would allow California to take over bankrupt utility giant PG&E Corp. under certain circumstances has emerged as a big sticking point in negotiations between the company and Governor Gavin Newsom. Newsom wants the power company to include …

PG&E Gains on $13.5B Settlement With California Wildfire Victims

PG&E Corp. surged on the strength of a Friday announcement it had secured a $13.5 billion settlement with victims of wildfires ignited by its power lines, a step toward resolving the biggest utility bankruptcy in U.S. history. The agreement will …

Argo Group Under SEC Scrutiny Over Executives’ Compensation

Argo Group International Holdings Ltd. has been subpoenaed by U.S. securities regulators about perks for its executives and is conducting an internal review. The U.S. Securities and Exchange Commission is seeking documents focused on Argo’s disclosures about executive compensation, the …

PG&E Pushes for Tax-Exempt Bond Bill for Fire Claims

PG&E Corp. is lobbying California legislators to allow it to issue tax-exempt bonds to help pay for past and future wildfire claims, according to people familiar with the matter. The bankrupt utility is pushing lawmakers to introduce the legislation next …