Tag: CoreLogic

CoreLogic Board Unanimously Rejects Revised Senator/Cannae Proposal

Determines Proposal Continues to Significantly Undervalue CoreLogic

CoreLogic Inc. (NYSE: CLGX) today announced that its Board of Directors has unanimously rejected the revised unsolicited proposal from Senator Investment Group LP and Cannae Holdings Inc., received on September 14, 2020, to acquire all outstanding common shares of CoreLogic for $66.00 per share in cash.

After a careful review, conducted in consultation with its independent financial and legal advisors, CoreLogic’s Board of Directors unanimously concluded that the revised proposal continues to significantly undervalue CoreLogic, raises serious regulatory concerns that have not been addressed, and is not in the best interests of shareholders.

The revised proposal of $66.00 per share reflects a $1.00 per share price increase and is otherwise unchanged from the prior proposal. Further, based on our current 2020 adjusted EBITDA guidance, the proposal of $66.00 per share is essentially in line with the Company’s forward multiple of approximately 11.3x just

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CoreLogic Confirms Receipt of Revised Proposal from Senator Investment Group and Cannae Holdings

IRVINE, Calif.–(BUSINESS WIRE)–Sep 14, 2020–

CoreLogic ® (NYSE: CLGX), a leading global property data and analytics-driven solutions provider, today confirmed that it has received a revised unsolicited proposal from Senator Investment Group LP and Cannae Holdings Inc. to acquire all outstanding common shares of CoreLogic for $66.00 per share in cash.

Consistent with its fiduciary duties and in consultation with its financial and legal advisors, CoreLogic’s Board of Directors will carefully review the revised proposal with the assistance of financial and legal advisors to determine the course of action it believes is in the best interests of the Company and its shareholders. CoreLogic shareholders need take no action at this time.

CoreLogic previously announced on July 7 that its Board of Directors had unanimously rejected the unsolicited proposal from Senator/Cannae it received on June 26 to acquire all outstanding common shares of CoreLogic for $65.00 per share in cash. After

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CoreLogic Names Mick Noland To Lead Global Insurance Solutions Business

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced that Mick Noland has joined the company as Executive, General Manager, Insurance Solutions. In this role, Noland will oversee all CoreLogic solutions for the global Property Insurance Industry.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200910005289/en/

Mick Noland, CoreLogic’s new Executive, General Manager, Insurance Solutions (Photo: Business Wire)

Noland has over 25 years of experience in the property and casualty industry. He is an industry veteran who has served in senior leadership roles in Claims, Product Management, Product Development, Technology, Pricing, Research, Sales and Underwriting at leading Insurance carriers including MetLife, The Hartford, USAA, Nationwide and MAPFRE.

“Our insurance vertical continues to scale and is an exciting growth frontier showing great momentum evidenced by recent client mega-wins and other share gains,” said Frank Martell, president and CEO, CoreLogic. “We have a

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