Deals
CoStar Boosts Offer to Buy CoreLogic, Escalating Bidding War
- Bid is a $17-a-share improvement over current deal: CoStar
- CoStar ‘is committed to moving forward’ with deal, CEO says
Photographer: Bing Guan/Bloomberg
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CoStar Group Inc. boosted its offer to acquire CoreLogic Inc. to about $97 a share including a cash portion in the latest twist in a bidding war for the real estate data company.
The latest offer represents a $17-a-share improvement over CoreLogic’s recent agreement with funds managed by Stone Point Capital and Insight Partners, and is equivalent to more than $1.25 billion in aggregate value, CoStar said in a statement Monday.