CoreLogic: Difference between revisions

Revision as of 21:29, 17 May 2021

Revision as of 00:03, 9 June 2021

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In June 2020, Cannae Holdings and Senator Investment Group launched a hostile takeover of CoreLogic.<ref name="2020-06-aggressive-takeover">{{Cite web|url=https://www.businesswire.com/news/home/20200626005201/en/Cannae-Holdings-Senator-Investment-Group-Submit-Proposal|title=Cannae Holdings and Senator Investment Group Submit Proposal to Acquire CoreLogic|website=businesswire.com|language=en-US|access-date=2020-06-26}}</ref> In response to CoreLogic raising quarterly guidance five days before the end of Q2<ref>{{Cite web|url=https://investor.corelogic.com/pressreleases/corelogic-raises-second-quarter-2020-financial-guidance-thu-06252020-2251|title=CoreLogic Raises Second Quarter 2020 Financial Guidance|website=investor.corelogic.com|language=en-US|access-date=2020-07-01}}</ref> and following up on "nine months performing extensive “outside-in” due diligence",<ref name="2020-06-aggressive-takeover"/> Cannae Holdings and Senaro Investment Group submitted their proposal to acquire CoreLogic. CoreLogic replied on June 26 that, despite not having previous knowledge of the offer, they will "carefully review the proposal" and "determine the course of action it believes is in the best interests of the Company and its shareholders" and insisting that "shareholders need take no action at this time".<ref>{{Cite web|url=https://picante.today/latest-news/2020/06/26/154302/corelogic-confirms-receipt-of-unsolicited-acquisition-proposal-from-cannae-holdings-and-senator-investment-group/|title=CoreLogic Confirms Receipt of Unsolicited Acquisition Proposal from Cannae Holdings and Senator Investment Group|website=picante.today|language=en-US|access-date=2020-07-01}}</ref> Cannae and Senator Investment secured financing with Bank of America and announced in a regulatory filling, on June 30, they own enough of CoreLogic to call for a special meeting.<ref>{{Cite web|url=https://finance.yahoo.com/news/cannae-senator-call-special-meeting-142322194.html|title=Cannae, Senator can call special meeting at CoreLogic, financing set|website=Yahoo Finance|language=en-US|access-date=2020-07-01}}</ref>

In June 2021, the company was acquired by Stone Point Capital and Insight Partners.<ref>{{Cite press release|url=https://www.bloomberg.com/press-releases/2021-06-04/stone-point-capital-and-insight-partners-complete-acquisition-of-corelogic|title=Stone Point Capital and Insight Partners Complete Acquisition of CoreLogic|publisher=CoreLogic|via=Bloomberg|language=en-US|date=2021-06-04}}</ref>

==Business segments==

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[[Category:Corporate spin-offs]]

[[Category:Data brokers]]

[[Category:Announced2021 mergers and acquisitions]]