Deals
CoStar Is Said to Have Bid About $6.7 Billion for CoreLogic
- Real estate data provider bid about $86 per share in stock
- Warburg Pincus group made lower all-cash offer for CoreLogic
Photographer: Charles Mostoller/Bloomberg
This article is for subscribers only.
CoStar Group Inc. has submitted a bid to acquire CoreLogic Inc. that would value the data company at about $6.7 billion, according to people familiar with the matter. CoreLogic rose as much as 6.8%.
CoStar made an all-stock offer worth about $86 per share, said the people, who asked to not be identified because the matter isn’t public. That works out to a 13% premium to CoreLogic’s closing share price of $76.18 on Monday in New York.