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CoStar Group, Warburg Pincus and GTCR offer to acquire CoreLogic for c. $8.6bn.

Synopsis

Investment management firms Cannae Holding and Senator Investment Group, agreed to acquire CoreLogic, a real estate data analytics firm, for $7bn. The offer was increased to $7.1bn in September 2020. "While Cannae and Senator had not previously expressed acquisition interest to the company, CoreLogic’s Board of Directors, consistent with its fiduciary responsibilities, will carefully review the proposal with the assistance of financial and legal advisors to determine the course of action it believes is in the best interests of the company and its shareholders. CoreLogic shareholders need take no action at this time. Prior to issuing this revised guidance, the company had no knowledge of any acquisition proposal," CoreLogic. 28/10/2020: CoStar Group, Warburg Pincus and GTCR offer to acquire CoreLogic for c. $8.6bn.

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