corelogic takeover bid News

Update: CoStar Group Withdraws Bid to Buy CoreLogic

Commercial real estate information provider CoStar Group said it had withdrawn its bid to buy CoreLogic after the U.S. property analytics company rebuffed its sweetened buyout offer of more than $7 billion earlier on Thursday. In February, CoreLogic had agreed …

CoreLogic Tells CoStar Its Buyout Offer Needs Improvement

U.S. property data and analytics company CoreLogic Inc. rebuffed peer CoStar Group Inc.’s sweetened buyout offer, saying it required improvement in terms of value. Earlier this week, CoStar raised its offer to buy CoreLogic by adding another $450 million to …

CoreLogic Discloses Strategic Review that Includes Possible Sale

Data and analytics firm CoreLogic disclosed that its board is conducting a strategic review of its operations, with a goal of “maximizing shareholder value.” That’s a nebulous term that can end up meaning a variety of things, including a potential …

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 Calls Special Meeting on Takeover Bidders’ Candidates for Board

The board of directors of data and analytics firm CoreLogic (NYSE: CLGX) has called a special meeting of shareholders for November 17, 2020 to consider the replacement of up to nine directors with nominees chosen by the two firms looking …

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 Says It Will Only Open Its Books If Bidders Increase Takeover Offer

Property data and analytics firm CoreLogic Inc. said on Monday it would not open its books to investment firms Senator Investment Group LP and Cannae Holdings Inc. unless they raise their $7 billion offer to buy the company. Earlier in …

After CoreLogic Rejects Their Takeover Bid, Investment Firms Vow to Press Ahead

The board of data analytics firm CoreLogic yesterday unanimously rejected an acquisition offer from an investment firm and hedge fund, calling the unsolicited bid undervalued. CoreLogic added that it would be willing to meet with the two firms behind the …