Monday, October 5, 2020

CoreLogic Shareholder Against Unsolicited Bid

One of the big shareholders of Irvine-based CoreLogic---Kennedy Enterprises LP--says it is against the recent unsolicited bid on the provider of real estate information. Kennedy Enterprises LP, which says it is a top 20 shareholder with approximately 1.3 million shares of CoreLogic, says CoreLogic is worth "far in excess" of the $66.00 per share in cash bid from Senator Investment Group LP and Cannae Holdings Inc. A vote on the unsolicited bid is scheduled for November 17th. Senator and Cannae boosted their bid for CoreLogic on September 14th. CoreLogic is a major provider of property and real estate information.