Property information and analytics agency CoreLogic has obtained a number of potential takeover bids that worth the corporate at north of $80 a sha
Property information and analytics agency CoreLogic has obtained a number of potential takeover bids that worth the corporate at north of $80 a share, sources inform CNBC’s David Faber.
The a number of events keen on pursuing a cope with CoreLogic embody personal fairness companies, Faber reported citing sources accustomed to the talks. The corporate has already signed a non-disclosure settlement with a minimum of one potential purchaser, the individuals mentioned.
Individuals accustomed to the talks mentioned CoStar Group could possibly be one of many potential bidders.
CoreLogic confirmed in a while Wednesday that it’s “participating with third events indicating preliminary curiosity based mostly on public info within the potential acquisition of the Firm at a worth at or above $80 per share.”
“No resolution has been made to enter right into a transaction right now, and the Firm can supply no assurance that it’s going to enter into any transaction sooner or later or, if entered into, what the phrases of any such transaction can be,” the corporate added in its assertion.
Shares have been final seen up 13.2%, round $77 a share, following information of the takeover bids.
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