Deals
CoreLogic Bidders Seek Support to Replace Nine Directors
- Cannae, Senator made $7 billion offer for CoreLogic last month
- Real estate data company said the bid undervalues CoreLogic
This article is for subscribers only.
The investors seeking to take over CoreLogic Inc. plan to solicit support from fellow shareholders to replace nine directors, after the company rejected their $7 billion proposal to take it private.
Cannae Holdings Inc. and Senator Investor Group previously said they owned a 15% economic stake in real estate data company CoreLogic, including stock and options. The firms had said they were prepared to call a special meeting as early as July 28 to replace the board if the company didn’t engage in talks.