Corelogic (CLGX) Received Takeover Bids North of $80/Share

(Updated - October 28, 2020 9:44 AM EDT)

Corelogic (NYSE: CLGX) has received takeover bids at more than $80 per share, the company said, confirming earlier reports from CNBC's David Faber. The company said it is engaged with the potential buyers.

"In light of recent market speculation, CoreLogic today confirmed it is engaging with third parties indicating preliminary interest based on public information in the potential acquisition of the Company at a value at or above $80 per share," the company said in a statement.

While acknowledging the talks, the company said no decision has been made to enter into a transaction at this time, and it can offer no assurance that it will enter into any transaction in the future.

According to Mr. Faber's reporting, multiple parties, including PE firms and strategic buyers, have expressed interest with bids in the $80+ range. CoStar Group, Inc. (NASDAQ: CSGP) is said to be one of the interested bidders. Private equity firm Warburg Pincus is one of the PE firms involved in the bidding, Bloomberg News reported.

You May Also Be Interested In

• FTC Moves to Block Tapestry’s (TPR) Acquisition of Capri (CPRI)
• Tapestry (TPR) Responds to the FTC’s Lawsuit
• Arthur J. Gallagher (AJG) Acquires Prasidium Credit Insurance