2020-11-09 07:25:54 CLGX CoreLogic
11/09/20 11/0907:25 11/09/2007:25 | CoreLogic receives 'indications of interest' valuing company at $80 per share"CoreLogic provided an update on its review of strategic alternatives to correct misinformation in the market. The CoreLogic Board's review of strategic alternatives is progressing well. We have received written indications of interest in acquiring the Company at values of at least $80 per share from multiple competing parties. This is more than $1 billion -- or over 20% -- above the Senator/Cannae proposal. Interested parties are receiving due diligence access after executing customary confidentiality agreements. Additional credible parties have indicated they are preparing to join the process. CoreLogic is providing this information to correct the steady stream of baseless misinformation reportedly being pumped into the market by Senator/Cannae. Building off the record operating and financial performance over the past year, along with the growing strength of the business and multi-year forecasts, CoreLogic's Board has positioned shareholders to maximize value. Interested parties have cited the strength of our performance and positive multi-year," said the company in a statement. |
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