Form PREM14A CORELOGIC, INC. For: Mar 01

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934

Filed by the Registrant   ☒                             Filed by a Party other than the Registrant   ☐

Check the appropriate box:

CORELOGIC, INC.

(Name of Registrant as Specified In Its Charter)

N/A

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

PRELIMINARY PROXY STATEMENT—SUBJECT TO COMPLETION

DATED AS OF MARCH 1, 2021

CoreLogic, Inc.

40 Pacifica

Irvine, California 92618

[●], 2021

Dear Stockholder:

You are cordially invited to attend a special meeting of stockholders (the “Special Meeting”) of CoreLogic, Inc. (“CoreLogic”) to be held on [●], 2021, at [●], at [●] [a.m.] / [p.m.], Pacific Time. Due to public health concerns surrounding the novel coronavirus and to prioritize the health and well-being of our employees, stockholders and other community members, CoreLogic will hold the Special Meeting in a virtual meeting format only on the virtual meeting website. You will not be able to attend the Special Meeting physically in person.

At the Special Meeting, you will be asked to consider and vote on a proposal to adopt the Agreement and Plan of Merger, dated as of February 4, 2021 (the “Merger Agreement”), by and among Celestial-Saturn Parent Inc. (“Parent”), Celestial-Saturn Merger Sub Inc., a direct, wholly-owned subsidiary of Parent (“Acquisition Sub”), and CoreLogic. Pursuant to the terms of the Merger Agreement, Acquisition Sub will merge with and into CoreLogic (the “Merger”), with CoreLogic surviving the Merger, and CoreLogic will become a wholly-owned subsidiary of Parent. You will also be asked to consider and vote on a non-binding, advisory proposal to approve compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger.

If the Merger contemplated by the Merger Agreement is completed, you will be entitled to receive $80.00 in cash, without interest, for each share of CoreLogic’s common stock, par value $0.00001 per share (“CoreLogic Common Stock”) (unless you have properly exercised your appraisal rights with respect to such shares).

On February 4, 2021, CoreLogic’s board of directors, after considering various factors, including those described in the accompanying Proxy Statement (the “Proxy Statement”), and after consultation with CoreLogic’s independent legal and financial advisors, unanimously (i) approved the Merger Agreement and the transactions contemplated by the Merger Agreement, including the Merger, (ii) determined that the Merger Agreement, the Merger and the other transactions contemplated by the Merger Agreement are advisable and in the best interests of CoreLogic and its stockholders and (iii) resolved to recommend that the stockholders of CoreLogic vote in favor of the approval of the Merger, the Merger Agreement and the transactions contemplated thereby and the adoption of the Merger Agreement.

CoreLogic’s board of directors unanimously recommends that you vote (i) “FOR” the proposal to adopt the Merger Agreement, thereby approving the Merger, the merger agreement and the transactions contemplated thereby and (ii) “FOR” the proposal to approve, by non-binding, advisory vote, compensation that will or may be payable by CoreLogic to its named executive officers in connection with the Merger and contemplated by the Merger Agreement.

The enclosed Proxy Statement provides detailed information about the Special Meeting, the Merger Agreement and the Merger. A copy of the Merger Agreement is attached as Annex A to the Proxy Statement. The Proxy Statement also describes the actions and determinations of CoreLogic’s board of directors in connection with its evaluation of the Merger Agreement and the Merger. You are encouraged to read the Proxy Statement and its annexes, including the Merger Agreement, carefully and in their entirety. You may also obtain more information about CoreLogic from documents we file with the U.S. Securities and Exchange Commission (the “SEC”) from time to time.

We appreciate you taking the time to vote promptly, and, in light of the reported continuing delays in the postal system, encourage you to do so electronically. After reading the Proxy Statement, please vote at your earliest convenience by voting over the internet using the internet address on the proxy card or by voting by telephone using the toll-free number on the proxy card. If you do not have access to a touch-tone phone or the

Internet, you may alternatively vote by signing, dating and returning the enclosed proxy card in the enclosed postage-paid envelope. Only your last-dated proxy will be counted, and any proxy may be revoked at any time prior to its exercise at the Special Meeting. If your shares are held in street name through a broker, bank or other nominee, you are considered the beneficial owner of those shares. As the beneficial owner, you have the right to direct your broker, bank or other nominee how to vote your shares. Without your voting instructions, because of the non-routine nature of the proposals, your broker, bank or other nominee may not vote your shares with respect to any of the proposals. We encourage you to instruct your broker, bank or other nominee to vote your shares “FOR” all of the proposals set forth in the Proxy Statement by following the directions on the enclosed voting instruction form to provide your instructions over the internet, by telephone or by signing, dating and returning the voting instruction form in the postage-paid envelope provided. Again, we encourage you to vote electronically.

Your vote is very important, regardless of the number of shares that you own. We cannot consummate the Merger unless the proposal to adopt the Merger Agreement is approved by the affirmative vote of a majority of the outstanding shares of CoreLogic Common Stock entitled to vote thereon, provided a quorum is present. In addition, the Merger Agreement makes the approval by the stockholders of CoreLogic (“CoreLogic stockholders”) of the proposal to adopt the Merger Agreement a condition to the parties’ obligations to consummate the Merger. The failure of any stockholder to grant a proxy electronically over the internet or by telephone, to submit a signed proxy card, or to vote by virtual ballot at the Special Meeting in virtual meeting format will have the same effect as a vote “AGAINST” the proposal to adopt the Merger Agreement, will not have any effect on the proposal to approve compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger and such stockholder’s shares will not be counted for purposes of determining whether a quorum is present for the transaction of business at the Special Meeting. Because both proposals presented to stockholders will be considered non-discretionary, there will not be any broker non-votes at the Special Meeting. Broker non-votes will not be considered present for the purposes of establishing a quorum and will not count as votes cast at the Special Meeting, and otherwise will have no effect on a particular proposal.

If you have any questions about the Proxy Statement, the Special Meeting, the Merger Agreement or the Merger or need assistance with voting procedures, please contact Innisfree M&A Incorporated, our proxy solicitor, by calling (877) 750-9498 (TOLL-FREE from the U.S. and Canada) or +1(412) 232-3651 (from other locations).

On behalf of CoreLogic’s board of directors, I thank you for your support and appreciate your consideration of this matter.

Sincerely,

[●]

[●]

Neither the SEC nor any state securities regulatory agency has approved or disapproved of the transactions described in this document, including the Merger, or determined if the information contained in this document is accurate or adequate. Any representation to the contrary is a criminal offense.

The Proxy Statement is dated [●], 2021 and, together with the enclosed form of proxy card, is first being mailed to CoreLogic stockholders on or about [●], 2021.

PRELIMINARY PROXY STATEMENT—SUBJECT TO COMPLETION

DATED AS OF MARCH 1, 2021

CoreLogic, Inc.

40 Pacifica

Irvine, California 92618

NOTICE OF SPECIAL MEETING OF STOCKHOLDERS

YOUR VOTE IS VERY IMPORTANT.

PLEASE VOTE YOUR SHARES PROMPTLY.

A special meeting of stockholders (the “Special Meeting”) of CoreLogic, Inc., a Delaware corporation (“CoreLogic”), will be held on [●], 2021, at [●], at [●] [a.m.] / [p.m.], Pacific Time. Due to public health concerns surrounding the novel coronavirus and to prioritize the health and well-being of our employees, stockholders and other community members, CoreLogic will hold the Special Meeting in a virtual meeting format only on the virtual meeting website. You will not be able to attend the Special Meeting physically in person.

The Special Meeting will be held for the following purposes:

The affirmative vote of a majority of the outstanding shares of CoreLogic common stock entitled to vote thereon is required to adopt the Merger Agreement. The affirmative vote of the holders of a majority in voting power of the CoreLogic Common Stock entitled to vote thereon, which are present or represented by proxy, at the Special Meeting, provided a quorum is present, is required to approve, by means of a non-binding, advisory vote, the proposal to approve compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger. The failure of any stockholder of record to grant a proxy electronically over the internet or by telephone. submit a signed proxy card, or to vote by ballot at the Special Meeting will have the same effect as a vote “AGAINST” the proposal to adopt the Merger Agreement and will not have any effect on the proposal to approve compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger. Abstentions will be counted as votes “AGAINST” the proposal to adopt the Merger Agreement and the proposal to approve compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger. Because both proposals presented to stockholders will be considered non-discretionary, there will not be any broker non-votes at the Special Meeting. Broker non-votes will not be considered present for the purposes of establishing a quorum and will not count as votes cast at the Special Meeting, and otherwise will have no effect on a particular proposal..

Only CoreLogic stockholders of record as of the close of business on [●], 2021 are entitled to notice of the Special Meeting and to vote at the Special Meeting or at any adjournment or postponement thereof. A list of stockholders entitled to vote at the Special Meeting will be available in our principal executive offices located at 40 Pacifica, Irvine, California 92618, during regular business hours for a period of no less than ten (10) days before the Special Meeting and at the place of the Special Meeting during such meeting. To access the list during the Special Meeting, please use the virtual meeting website link set forth in the accompanying Proxy Statement.

CoreLogic stockholders who do not vote in favor of the proposal to adopt the Merger Agreement will have the right to seek appraisal of the fair value of their shares of CoreLogic Common Stock if they deliver a demand for appraisal before the vote is taken on the Merger Agreement and comply with all the requirements of Delaware law, which are summarized in the Proxy Statement accompanying this notice and reproduced in their entirety in Annex C to the accompanying Proxy Statement.

CoreLogic’s board of directors (the “Board”) unanimously recommends that you vote “FOR” the adoption of the Merger Agreement and “FOR” the non-binding, advisory proposal regarding compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger. In considering the recommendation of the Board, CoreLogic stockholders should be aware that its executive officers and members of the Board may have agreements and arrangements in place that provide them with interests in the Merger that may be different from, or in addition to, those of CoreLogic. See the section entitled “The Merger—Interests of the Directors and Executive Officers of CoreLogic in the Merger” beginning on page [●] of this Proxy Statement.

Our Notice of Special Meeting and Proxy Statement are available at [●].

By order of the Board of Directors,

[●]

[●]

[●], 2021

IMPORTANT

Your vote is extremely important. Whether or not you plan to virtually attend the Special Meeting and regardless of the number of shares you own, we urge you to vote promptly “FOR” both of the proposals.

If you have any questions about submitting your proxy card or otherwise require assistance, please contact:

Innisfree M&A Incorporated

501 Madison Avenue, 20th Floor

New York, NY 10022

Stockholders May Call: (877) 750-9498 (TOLL-FREE from the U.S. and Canada)

or +1 (412) 232-3651 (from other locations)

Banks and Brokers May Call Collect: (212) 750-5833

TABLE OF CONTENTS

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SUMMARY

This summary highlights selected information from this proxy statement (this “Proxy Statement”) related to the merger (the “Merger”) of Celestial-Saturn Merger Sub Inc. (“Acquisition Sub”) with and into CoreLogic, Inc. and may not contain all of the information that is important to you. To understand the Merger more fully and for a more complete description of the legal terms of the Merger, you should read carefully this entire Proxy Statement, the annexes to this Proxy Statement and the documents we refer to in this Proxy Statement. You may obtain the information incorporated by reference in this Proxy Statement without charge by following the instructions in the section entitled “Where You Can Find More Information” beginning on page [●] of this Proxy Statement. The Merger Agreement (as defined below) is attached as Annex A to this Proxy Statement. You are encouraged to read the Merger Agreement, which is the legal document that governs the Merger.

Except as otherwise specifically noted in this Proxy Statement, “CoreLogic,” the “Company,” “we,” “our,” “us” and similar words in this Proxy Statement refer to CoreLogic, Inc., including, in certain cases, our subsidiaries. Throughout this Proxy Statement we refer to Celestial-Saturn Parent Inc. as “Parent” and Celestial-Saturn Merger Sub Inc. as “Acquisition Sub.” In addition, throughout this Proxy Statement we refer to the Agreement and Plan of Merger, dated as of February 4, 2021, as it may be amended from time to time, by and among CoreLogic, Parent and Acquisition Sub as the “Merger Agreement.”

The Special Meeting (page [●])

Date, Time and Place

The special meeting of CoreLogic stockholders (the “Special Meeting”) will be held on [●], [●], 2021, at [●], at [●] [a.m.] / [p.m.], Pacific Time. Due to public health concerns surrounding the novel coronavirus (“COVID-19”) and to prioritize the health and well-being of our employees, stockholders and other community members, CoreLogic will hold the Special Meeting in a virtual meeting format only at www.cesonlineservices.com/clgx21_vm (the “virtual meeting website”). You will not be able to attend the Special Meeting physically in person.

Record Date; Shares Entitled to Vote

You are entitled to vote at the Special Meeting if you owned shares of common stock of CoreLogic, par value $0.00001 per share (“CoreLogic Common Stock”), at the close of business on [●], 2021, the record date for the Special Meeting (the “Record Date”). You will have one vote at the Special Meeting for each share of CoreLogic Common Stock you owned at the close of business on the Record Date.

Purpose

At the Special Meeting, we will ask CoreLogic stockholders of record as of the Record Date to vote on proposals to adopt the Merger Agreement and to approve, by non-binding, advisory vote, compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger (collectively, the “Special Meeting Proposals”).

Quorum

As of the Record Date, there were approximately [●] shares of CoreLogic Common Stock outstanding and entitled to be voted at the Special Meeting. The holders of a majority in voting power of the outstanding shares of CoreLogic Common Stock, present or represented by proxy, will constitute a quorum at the Special Meeting. As a result, [●] shares must be represented by proxy or by stockholders present and entitled to vote at the Special Meeting to have a quorum.

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Required Vote

The affirmative vote of a majority of the outstanding shares of CoreLogic Common Stock entitled to vote thereon is required to adopt the Merger Agreement. The affirmative vote of the holders of a majority in voting power of the CoreLogic Common Stock entitled to vote thereon, which are present or represented by proxy, at the Special Meeting, provided a quorum is present, is required to approve, by means of a non-binding, advisory vote, the proposal to approve compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger. This means that the proposal to adopt the Merger Agreement will be approved if the number of shares voted “FOR” such proposal is greater than fifty percent (50%) of the total number of shares of CoreLogic Common Stock entitled to vote at the Special Meeting. Abstentions will have the same effect as votes “AGAINST” the proposal to adopt the Merger Agreement and the proposal to approve compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger. Because both proposals presented to stockholders will be considered non-discretionary, there will not be any broker non-votes at the Special Meeting. Broker non-votes will not be considered present for the purposes of establishing a quorum and will not count as votes cast at the Special Meeting, and otherwise will have no effect on a particular proposal.

Share Ownership of CoreLogic’s Directors and Executive Officers

As of [●], 2021, the Record Date, CoreLogic’s directors and executive officers beneficially owned and were entitled to vote, in the aggregate, [●] shares of CoreLogic Common Stock, representing approximately [●]% of the outstanding shares of CoreLogic Common Stock. We expect that CoreLogic’s directors and executive officers will beneficially own and be entitled to vote a similar figure at the close of business on the date of the Special Meeting. CoreLogic’s directors and executive officers have informed CoreLogic that they currently intend to vote all of their shares of CoreLogic Common Stock “FOR” the adoption of the Merger Agreement and “FOR” the non-binding, advisory proposal regarding compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger.

How You Can Vote

You may cast your shares in any of four (4) ways:

Please note that participants in our 401(k) Plan may not vote their plan shares by virtual ballot at the Special Meeting in virtual format and in order to vote their shares, must provide voting instructions to Fidelity Management Trust Company (“Fidelity”) by [●], 2021 at 11:59 p.m., Eastern Time. See “How are my shares in CoreLogic’s 401(k) Plan voted?” in the Questions and Answers section of the Proxy Statement for more information.

If your shares of CoreLogic Common Stock are held in street name and you do not instruct your broker, bank or other nominee how to vote your shares, then, because the Special Meeting Proposals are “non-routine matters,” your broker, bank or other nominee would not have discretionary authority to vote your shares on the Special Meeting Proposals. If your shares of CoreLogic Common Stock are held in street name, your broker, bank or other nominee has enclosed a voting instruction form with this Proxy Statement. We encourage you to authorize your broker, bank or other nominee to vote your shares “FOR” both of the Special Meeting Proposals by following the instructions provided on the voting instruction form.

YOUR VOTE IS VERY IMPORTANT. In light of the reported continuing delays in the postal system, we encourage all stockholders to vote electronically. Please should submit your proxy via the internet

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or by telephone by following the instructions on the enclosed proxy card. If you do not have access to a touch-tone phone or the Internet, you may alternatively vote by signing, dating and returning the enclosed proxy card in the postage-paid envelope provided—even if you plan to attend the Special Meeting. If you properly and timely submit your proxy, the individuals named as your proxy holders will vote your shares as you have directed.

All shares entitled to vote and represented by properly submitted proxies (including those submitted via the internet, by telephone and by mail) received before the polls are closed at the Special Meeting, and not revoked or superseded, will be voted at the Special Meeting in accordance with the instructions indicated on those proxies. If no direction is indicated on a proxy card, such shares will be voted by the proxy holders named on the enclosed proxy card according to the recommendation of CoreLogic’s board of directors (the “Board”) “FOR” both of the Special Meeting Proposals.

Parties Involved in the Merger (page [●])

CoreLogic, Inc.

As a leading provider of property insights and solutions, CoreLogic promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, buy and protect their homes.

CoreLogic Common Stock is currently listed on the New York Stock Exchange (the “NYSE”) under the symbol “CLGX.”

Celestial-Saturn Parent Inc.

Parent is a Delaware corporation, formed on February 3, 2021 solely for the purpose of engaging in the transactions contemplated by the Merger Agreement, including the Merger, and the related financing transactions. Parent has not conducted any business operations except in furtherance of this purpose and activities incident to its formation.

Celestial-Saturn Merger Sub Inc.

Acquisition Sub is a Delaware corporation and a wholly-owned subsidiary of Parent, formed on February 3, 2021 solely for the purpose of engaging in the transactions contemplated by the Merger Agreement, including the Merger, and the related financing transactions. Acquisition Sub has not conducted any business operations except in furtherance of this purpose and activities incident to its formation. Upon the consummation of the Merger, Acquisition Sub will cease to exist.

Parent and Acquisition Sub are each affiliated with (i) Insight Partners XI, L.P., Insight Partners (Delaware) XI, L.P., Insight Partners (Cayman) XI, L.P., Insight Partners XI (Co-Investors), L.P., Insight Partners XI (Co-Investors) (B), L.P. and Insight Partners (EU) XI, S.C.Sp. (the “Insight Funds”) and (ii) Trident VIII, L.P., Trident VIII Parallel Fund, L.P., Trident VIII DE Parallel Fund, L.P. and Trident VIII Professionals Fund, L.P. (the “Stone Point Funds”). Parent, Acquisition Sub and the Insight Funds are each affiliated with Insight Partners, a leading global venture capital and private equity firm focusing on high-growth technology and software companies. Parent, Acquisition Sub and the Stone Point Funds are each associated with Stone Point Capital LLC (“Stone Point”), a leading private equity firm, investing in businesses within the global financial services industry. At the time at which the Merger will become effective (the “Effective Time”), the Surviving Corporation (as defined below) will be indirectly owned by the Insight Funds, the Stone Point Funds and certain of their respective affiliates.

In connection with the transactions contemplated by the Merger Agreement, (1) the Insight Funds have provided Parent with an equity commitment of $1,000,000,000 (the “Insight Equity Financing”), (2) the Stone

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Point Funds have provided Parent with an equity commitment of $1,500,000,000 (the “Stone Point Equity Financing” and, together with the Insight Equity Financing, the “Equity Financing”) and (3) Parent has obtained a debt financing commitment in an aggregate amount of $5,500,000,000 from J.P. Morgan Chase Bank, N.A (“JP Morgan”) (the “Debt Financing” and, together with the Equity Financing, the “Financing”). Such amounts will be used to fund the aggregate purchase price required to be paid at the closing of the Merger and also to fund certain other payments, subject to the terms and conditions of the Merger Agreement. In addition, the Insight Funds and the Stone Point Funds have each agreed to guarantee the payment of certain liabilities and obligations of Parent and Acquisition Sub under the Merger Agreement, subject to an aggregate cap equal to $135,000,000, with respect to the Insight Funds, and $202,500,000, with respect to the Stone Point Funds, including any reverse termination fee payable by Parent under the Merger Agreement and amounts in respect of certain reimbursement and indemnification obligations of Parent and Acquisition Sub for certain costs, expenses or losses incurred or sustained by CoreLogic, as specified in the Merger Agreement. For more information, please see the section entitled “The Merger—Financing of the Merger” beginning on page [●] of this Proxy Statement.

Effect of the Merger (page [●])

The Merger Agreement provides that, upon the terms and subject to the conditions of the Merger Agreement, and in accordance with the General Corporation Law of the State of Delaware (“DGCL”), at the Effective Time, Acquisition Sub shall be merged with and into CoreLogic, whereupon the separate existence of Acquisition Sub shall cease, and CoreLogic shall continue under the name “CoreLogic, Inc.” as the surviving corporation (the “Surviving Corporation”) and shall continue to be governed by the laws of Delaware. As a result of the Merger, the Surviving Corporation will become a wholly-owned subsidiary of Parent and CoreLogic Common Stock will no longer be publicly traded. In addition, CoreLogic Common Stock will be delisted from the NYSE and deregistered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), in each case, in accordance with applicable laws, rules and regulations, and CoreLogic will no longer file periodic reports with the U.S. Securities and Exchange Commission (the “SEC”) on account of CoreLogic Common Stock. If the Merger is consummated, you will not own any shares of capital stock of the Surviving Corporation.

The Effective Time will occur upon the filing of a certificate of merger with the Secretary of State of the State of Delaware (or at such later time as CoreLogic and Parent may agree and specify in the certificate of merger).

Effect on CoreLogic if the Merger is Not Consummated (page [●])

If the Merger Agreement is not adopted by CoreLogic stockholders or if the Merger is not consummated for any other reason, CoreLogic stockholders will not receive any payment for their shares of CoreLogic Common Stock. Instead, CoreLogic will remain an independent public company, the CoreLogic Common Stock will continue to be listed and traded on the NYSE and registered under the Exchange Act, and we will continue to file periodic reports with the SEC on account of CoreLogic Common Stock. Under certain specified circumstances, CoreLogic may be required to pay Parent a termination fee, or, under certain other specified circumstances, CoreLogic may be entitled to receive a reverse termination fee from Parent, in each case upon the termination of the Merger Agreement, as described in the section entitled “Terms of the Merger Agreement—Termination Fees” beginning on page [●] of this Proxy Statement.

Merger Consideration (page [●])

Upon the consummation of the Merger, each share of CoreLogic Common Stock issued and outstanding immediately prior to the Effective Time (other than (i) shares held by CoreLogic or any subsidiary of CoreLogic (including shares held as treasury stock), (ii) shares held, directly or indirectly, by Parent or Acquisition Sub, which will be cancelled and retired for no consideration, and (iii) any shares owned by stockholders who are entitled to and have properly exercised and perfected their demands for appraisal rights under Delaware law (the “Dissenting Shares”)) will be converted into the right to receive $80.00 in cash, without interest (the “Merger

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Consideration”). Additionally, all issued and outstanding rights issued in connection with the Rights Agreement will expire in their entirety without any payment being made in respect thereof in accordance with the Rights Agreement Amendment (each, as defined in the section entitled “Terms of the Merger Agreement—Other Covenants” beginning on page [●] of this Proxy Statement).

Recommendation of the Board and Reasons for the Merger (page [●])

On February 4, 2021, the Board, after considering various factors, including those described in the section entitled “The Merger—Recommendation of the Board and Reasons for the Merger” beginning on page [●] of this Proxy Statement, and after consultation with CoreLogic’s independent legal and financial advisors, unanimously (i) approved the Merger Agreement and the transactions contemplated by the Merger Agreement, including the Merger, (ii) determined that the Merger Agreement, the Merger and the other transactions contemplated by the Merger Agreement are advisable and in the best interests of CoreLogic and its stockholders and (iii) resolved to recommend that the stockholders of CoreLogic vote in favor of the approval of the Merger, the Merger Agreement and the transactions contemplated thereby and the adoption of the Merger Agreement.

The Board unanimously recommends that you vote (i) “FOR” the proposal to adopt the Merger Agreement, thereby approving the Merger, the Merger Agreement and the transactions contemplated thereby and (ii) “FOR” the proposal to approve, by non-binding, advisory vote, compensation that will or may be payable by CoreLogic to its named executive officers in connection with the Merger and contemplated by the Merger Agreement.

Opinion of CoreLogic’s Financial Advisor (page [●])

CoreLogic retained Evercore Group L.L.C. (together with its affiliates, “Evercore”) to act as its financial advisor in connection with the Board’s evaluation of strategic and financial alternatives, including the Merger. As part of this engagement, CoreLogic requested that Evercore evaluate the fairness, from a financial point of view, of the Merger Consideration to be received by the holders of CoreLogic Common Stock. At a meeting of the Board held on February 4, 2021, Evercore rendered to the Board its opinion to the effect that, as of that date and based upon and subject to the assumptions, limitations, qualifications and conditions described in Evercore’s opinion, the Merger Consideration of $80.00 per share to be received by the holders of CoreLogic Common Stock in the Merger was fair, from a financial point of view, to such holders.

The full text of the written opinion of Evercore, dated as of February 4, 2021, which sets forth, among other things, the procedures followed, assumptions made, matters considered and qualifications and limitations on the scope of review undertaken in rendering its opinion, is attached as Annex B to this proxy statement and is incorporated herein by reference. CoreLogic encourages you to read this opinion carefully and in its entirety. Evercore’s opinion was addressed to, and provided for the information and benefit of, the Board (in its capacity as such) in connection with its evaluation of the proposed Merger. The opinion does not constitute a recommendation to the board or to any other persons in respect of the Merger, including as to how any holder of shares of Company Common Stock should vote or act in respect of the Merger. Evercore’s opinion does not address the relative merits of the merger as compared to other business or financial strategies, or business combination transactions, that might be available to the Company, nor does it address the underlying business decision of the Company to engage in the Merger.

Interests of the Directors and Executive Officers of CoreLogic in the Merger (page [●])

When considering the recommendation of the Board that you vote to approve the proposal to adopt the Merger Agreement, you should be aware that CoreLogic’s directors and executive officers may have interests in the Merger that are different from, or in addition to, your interests as a stockholder. The Board was aware of and considered these interests to the extent such interests existed at the time, among other matters, in evaluating and

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negotiating the Merger Agreement, in approving the Merger Agreement and the Merger and in recommending that the Merger Agreement be adopted by CoreLogic stockholders. These interests include the following:

See the section entitled “The Merger—Interests of the Directors and Executive Officers of CoreLogic in the Merger” beginning on page [●] of this Proxy Statement for a more detailed description of these interests.

If the proposal to adopt the Merger Agreement is approved by CoreLogic stockholders, the shares of CoreLogic Common Stock held by CoreLogic’s directors and executive officers will be treated in the same manner as outstanding shares of CoreLogic Common Stock held by all other CoreLogic stockholders entitled to receive the Merger Consideration.

Treatment of Company Equity Awards (page [●])

The Merger Agreement provides that CoreLogic’s equity awards and long-term incentive plan awards that are outstanding immediately prior to the Effective Time will be subject to the following treatment as of the Effective Time:

Company Options

Each option to purchase shares of CoreLogic Common Stock (each, a “Company Option”), whether or not vested, that is outstanding immediately prior to the Effective Time will automatically and without any required action on the part of the holder thereof, vest (if unvested) and be cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the excess, if any, of (a) the Merger Consideration over (b) the per-share exercise price for such Company Option multiplied by (ii) the total number of shares of CoreLogic Common Stock underlying such Company Option. If the exercise price per share of CoreLogic Common Stock of such Company Option is equal to or greater than the Merger Consideration, such Company Option shall be cancelled without any cash payment or other consideration being made in respect thereof.

Company RSUs

Each then-outstanding Company RSU granted prior to February 4, 2021 will, automatically and without any required action on the part of the holder thereof, vest (if unvested) and be cancelled and converted into the right

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to receive an amount in cash, without interest, equal to the product of (i) the total number of shares of CoreLogic Common Stock underlying such Company RSU (including any shares of CoreLogic Common Stock in respect of dividend equivalent units credited thereon) multiplied by (ii) the Merger Consideration.

Company PSUs

Each then-outstanding Company PSU granted prior to February 4, 2021 will, automatically and without any required action on the part of the holder thereof, vest (if unvested) and be cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the number of shares of CoreLogic Common Stock underlying such Company PSU (including any shares of CoreLogic Common Stock in respect of dividend equivalent units credited thereon) with performance measured in accordance with the terms of the applicable governing documents (i.e., for those Company PSUs that vest based in part on the attainment of earnings per share metrics, based on the attainment of the applicable performance metrics at the greater of the target or actual level of performance, and for each other Company PSU, based on attainment of the applicable performance metrics at the target level of performance), as determined by the Board or a committee thereof after consultation with Parent prior to the Effective Time multiplied by (ii) the Merger Consideration.

Company RSUs and Company PSUs Granted After February 4, 2021

Each Company RSU and Company PSU granted after February 4, 2021 will, immediately prior to the Effective Time, vest on a prorated basis (with Company PSUs vesting at the target level of performance), with such proration equal to a fraction, the numerator of which is the number of months from January 1, 2021 to the date of closing of the Merger and the denominator of which is thirty-six, and be treated in accordance with the terms of the Merger Agreement, as described above. The portion of any equity award granted after February 4, 2021 that does not vest on a prorated basis will be forfeited without consideration.

Treatment of Company ESPP (page [●])

The Merger Agreement provides that as soon as practicable following the date of the Merger Agreement, CoreLogic shall take all actions as may be required to provide that (i) the current offering period under the CoreLogic Employee Stock Purchase Plan (the “Company ESPP”) will be the final offering period and no further offering period will commence pursuant to the Company ESPP after the date hereof, and (ii) except to the extent necessary to maintain the status of the Company ESPP as an “employee stock purchase plan” within the meaning of Section 423 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), each individual participating in the final offering period as of the date of the Merger Agreement will not be permitted to (A) increase his or her payroll contribution rate pursuant to the Company ESPP from the rate in effect when the final offering period commenced or (B) make separate non-payroll contributions to the Company ESPP on or following the date of the Merger Agreement. Prior to the Effective Time, CoreLogic will take all actions that may be necessary to (x) cause the final offering period, to the extent that it would otherwise be outstanding at the Effective Time, to be terminated no later than ten (10) business days prior to the date on which the Effective Time occurs; (y) make any pro rata adjustments that may be necessary to reflect the final offering period, but otherwise treat the final offering period as a fully effective and completed offering period for all purposes pursuant to the Company ESPP; and (z) cause the exercise (as of no later than ten (10) business days prior to the date on which the Effective Time occurs) of each outstanding purchase right pursuant to the Company ESPP. On such exercise date, CoreLogic will apply the funds credited as of such date pursuant to the Company ESPP within each participant’s payroll withholding account to the purchase of whole shares of CoreLogic Common Stock in accordance with the terms of the Company ESPP, and such shares of CoreLogic Common Stock shall be entitled to the Merger Consideration. Immediately prior to and effective as of the Effective Time (but subject to the consummation of the Merger), CoreLogic will terminate the Company ESPP.

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Financing of the Merger (page [●])

The total amount of funds necessary to consummate the Merger and related transactions, including payment of related fees and expenses, is anticipated to be approximately $8.2 billion, which will be funded with the net proceeds of the Financing.

The Equity Financing will be on the terms and conditions set forth in the equity commitment letters (the “Equity Commitment Letters”), dated as of February 4, 2021, pursuant to which the Stone Point Funds and the Insight Funds individually provided commitments to contribute as equity capital to Parent an aggregate amount of $2.5 billion of amount in cash, in immediately available funds. Funding of the equity commitments is subject to the satisfaction of the conditions set forth in the Equity Commitment Letters.

The Debt Financing is on the terms and conditions set forth in the commitment letter, dated as of February 4, 2021 (the “Debt Commitment Letter”), from J.P. Morgan, pursuant to which JP Morgan has provided commitments in respect of (x) a first-lien term loan facility in an aggregate principal amount of $5.5 billion and (y) a first-lien revolving credit facility in an aggregate principal to be agreed. Funding of the Debt Financing is subject to the satisfaction of the conditions set forth in the Debt Commitment Letter. See the section entitled “The Merger—Financing of the Merger” beginning on page [●] of this Proxy Statement.

U.S. Federal Income Tax Consequences of the Merger (page [●])

For U.S. federal income tax purposes, the receipt of cash by a U.S. Holder (as defined in the section entitled “The Merger—U.S. Federal Income Tax Consequences of the Merger” beginning on page [●] of this Proxy Statement) in exchange for such U.S. Holder’s shares of CoreLogic Common Stock pursuant to the Merger will generally result in the recognition of gain or loss in an amount measured by the difference, if any, between the cash such U.S. Holder receives in the Merger and such U.S. Holder’s adjusted tax basis in the shares of CoreLogic Common Stock surrendered in the Merger.

If you are a Non-U.S. Holder (as defined in the section entitled “The Merger—U.S. Federal Income Tax Consequences of the Merger” beginning on page [●] of this Proxy Statement), the Merger will generally not result in U.S. federal income tax to you unless you have certain connections with the United States, but may be subject to U.S. backup withholding tax unless you comply with certain certification procedures or otherwise establish a valid exemption from U.S. backup withholding taxes.

For a more complete description of the U.S. federal income tax consequences of the Merger, see the section entitled “The Merger—U.S. Federal Income Tax Consequences of the Merger” beginning on page [●] of this Proxy Statement.

CoreLogic stockholders should consult their own tax advisors concerning the U.S. federal income tax consequences relating to the Merger in light of their particular circumstances and any consequences arising under the laws of any state, local or foreign taxing jurisdiction.

Regulatory Approvals Required for the Merger (page [●])

Under the Merger Agreement, the Merger cannot be consummated until the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), has expired or been terminated and until foreign investment approvals have been obtained from the Australian Foreign Investment Review Board and New Zealand Overseas Investment Office. CoreLogic made the filings required under the HSR Act on February 18, 2021, in New Zealand on February 22, 2021 and in Australia on February 24, 2021.

Legal Proceedings Regarding the Merger (page [●])

As of the date of this Proxy Statement, there are no pending lawsuits challenging the Merger. However, potential plaintiffs may file lawsuits challenging the Merger. The outcome of any future litigation is uncertain.

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Such litigation, if not resolved, could prevent or delay consummation of the Merger and result in substantial costs to CoreLogic, including any costs associated with the indemnification of directors and officers. One of the conditions to the consummation of the Merger is that no governmental authority (i) of competent jurisdiction in any jurisdiction in which CoreLogic, Parent or any of their respective affiliates have material business operations shall have enacted, issued, promulgated, enforced or entered any law or order which is then in effect and has the effect of restraining, enjoining, rendering illegal or otherwise prohibiting consummation of the Merger or (ii) of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any law or order which is then in effect and has the effect of restraining, enjoining, rendering illegal or otherwise prohibiting consummation of the Merger if the effect of violating such law or order would impose, or would reasonably be expected to impose, criminal penalties upon Parent, Acquisition Sub or CoreLogic or any of its subsidiaries. Therefore, if a plaintiff were successful in obtaining an injunction prohibiting the consummation of the Merger on the agreed-upon terms, then such injunction may prevent the Merger from being consummated, or from being consummated within the expected time frame.

Restrictions on Solicitations of Other Offers (page [●])

For purposes of this Proxy Statement, each of “Competing Proposal” and “Superior Proposal” is defined in the section entitled “Terms of the Merger Agreement—Restrictions on Solicitations of Other Offers” beginning on page [●] of this Proxy Statement.

In the Merger Agreement, CoreLogic agreed that, subject to certain exceptions, CoreLogic will not, and will cause its subsidiaries and its and their respective directors and officers not to, and will instruct and use its reasonable best efforts to cause its other representatives not to, directly or indirectly, (i) initiate, solicit, propose, knowingly facilitate or knowingly encourage the making of any Competing Proposal or any inquiry or proposal that constitutes or would reasonably be expected to lead to a Competing Proposal; (ii) participate or engage in negotiations or discussions with, or furnish any nonpublic information to, any person relating to a Competing Proposal or any inquiry, proposal or request that constitutes or would reasonably be expected to lead to a Competing Proposal; (iii) grant access to the properties, books, records or personnel of CoreLogic or its subsidiaries to any person relating to any Competing Proposal or any inquiry or proposal that constitutes or would reasonably be expected to lead to a Competing Proposal; (iv) grant any waiver, amendment or release of any third party under any standstill or confidentiality agreement; or (v) approve, endorse, recommend, or execute or enter into any letter of intent, memorandum of understanding, agreement in principle, merger agreement, acquisition agreement or other similar agreement or contract relating to a Competing Proposal or any proposal or offer that constitutes or would reasonably be expected to lead to a Competing Proposal (an “Alternative Acquisition Agreement”). However, CoreLogic may grant a waiver of any standstill or similar obligation of any third party with respect to CoreLogic or any of its subsidiaries solely to the extent to allow such third party to submit a confidential Competing Proposal to the Board if the Board determines in good faith, after consultation with outside legal counsel, that the failure to do so would be inconsistent with its fiduciary duties.

Alternative Acquisition Agreements (page [●])

Except as described in the following paragraph, under the terms of the Merger Agreement, neither the Board not any committee thereof may approve or recommend, or allow CoreLogic or any of its subsidiaries to execute, approve or enter into, any letter of intent, memorandum of understanding, agreement in principle, merger agreement, acquisition agreement or other similar agreement or contract relating to a Competing Proposal or any proposal or offer that constitutes or would reasonably be expected to lead to a Competing Proposal (other than a confidentiality agreement).

Under the Merger Agreement, under certain circumstances and subject to certain requirements described in the section entitled “Terms of the Merger Agreement—Alternative Acquisition Agreements” beginning on page [●] of this Proxy Statement, the Board is entitled to enter into an agreement with respect to a Competing Proposal (concurrently with the termination of the Merger Agreement and subject to the payment of a

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$165 million termination fee by CoreLogic) prior to obtaining the affirmative vote of a majority of the outstanding shares of CoreLogic Common Stock entitled to vote thereon (the “CoreLogic Stockholder Approval”), if CoreLogic first provides Parent with notice of the Board’s intent to do so, then, if requested by Parent, CoreLogic and its representatives negotiate with Parent and its representatives in good faith over a four business day period, and then the Board determines in good faith (after consultation with its outside legal counsel and financial advisors) that such Competing Proposal, taking into account any changes to the terms of the Merger Agreement proposed by Parent during such negotiations, constitutes a Superior Proposal and (after consultation with its outside legal counsel and financial advisors) that the failure to take such action would reasonably be expected to be inconsistent with the directors’ fiduciary duties under applicable law.

Adverse Recommendation Changes (page [●])

Except as described in the following paragraph, under the terms of the Merger Agreement, neither the Board nor any committee thereof may make an “Adverse Recommendation Change” (as defined in the section entitled “Terms of the Merger Agreement—Adverse Recommendation Changes” beginning on page [●] of this Proxy Statement).

Under the Merger Agreement, under certain circumstances and subject to certain requirements described in the section entitled “Terms of the Merger Agreement—Adverse Recommendation Changes” beginning on page [●] of this Proxy Statement, the Board is entitled to make an Adverse Recommendation Change prior to obtaining the CoreLogic Stockholder Approval, if the Board determines in good faith (after consultation with its outside legal counsel and financial advisors) that a Competing Proposal constitutes a Superior Proposal and (after consultation with its outside legal counsel and financial advisors) that the failure to take such action would reasonably be expected to be inconsistent with the directors’ fiduciary duties under applicable law. In addition, at any time prior to obtaining the CoreLogic Stockholder Approval, in response to an Intervening Event (as defined in the section entitled “Terms of the Merger Agreement—Adverse Recommendation Changes” beginning on page [●] of this Proxy Statement), the Board may make an Adverse Recommendation Change if CoreLogic first provides Parent with notice of the Board’s intent to do so, then, if requested by Parent, CoreLogic and its representatives negotiate with Parent and its representatives in good faith over a four business day period, and then the Board determines in good faith (after consultation with its outside legal counsel and financial advisors) that the failure to take such action, taking into account any changes to the terms of the Merger Agreement proposed by Parent during such negotiations, would reasonably be expected to be inconsistent with CoreLogic’s directors’ fiduciary duties under applicable law, subject to certain requirements described in the section entitled “Terms of the Merger Agreement—Adverse Recommendation Changes” beginning on page [●] of this Proxy Statement.

Employee Benefits (page [●])

For the period commencing at the Effective Time and ending on the date that is twelve (12) months following the Effective Time occurs (the “Continuation Period”), Parent will, or will cause the Surviving Corporation or any of their respective affiliates to, provide for each “continuing employee” (as defined in the section entitled “Terms of the Merger Agreement—Employee Benefits” beginning on page [●] of this Proxy Statement) (i) at least the same base salary and base wage rate provided to such continuing employee immediately prior to Effective Time, (ii) short-term cash incentive compensation opportunities (excluding any equity or equity-based, change in control, retention, transaction or similar incentive opportunities) that are substantially comparable in the aggregate to the short-term cash incentive compensation opportunities (excluding any equity or equity-based, change in control, retention, transaction or similar incentive opportunities) provided to each such continuing employee immediately prior to the Effective Time and (iii) employee benefits (excluding equity or equity-based, defined benefit pension, severance, change in control, retention and nonqualified deferred compensation and retiree or post-termination health or welfare benefits) that are substantially comparable in the aggregate (including with respect to the proportion of employee cost) to such employee benefits (excluding equity or equity-based, defined benefit pension, nonqualified deferred compensation and retiree or post-

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termination welfare benefits or compensation) provided to such continuing employee immediately prior to the Effective Time. In addition, each continuing employee whose employment is terminated during the Continuation Period will receive severance payments and benefits that are no less favorable than the severance payments and benefits that such continuing employee would have been eligible to receive upon a termination of employment under any applicable CoreLogic severance plan, policy, practice or arrangement in accordance with the terms of such arrangements or, if greater, the severance payments and benefits that are provided to similarly situated employees of Parent and its subsidiaries at the time of such termination.

Efforts to Close the Merger (page [●])

CoreLogic, Parent and Acquisition Sub have agreed to use their respective reasonable best efforts to consummate and make effective the transactions contemplated by the Merger Agreement and to cause the conditions to the Merger to be satisfied as expeditiously as practicable. In furtherance thereof, Parent and Acquisition Sub have agreed that (i) none of Parent, Acquisition Sub or CoreLogic or their respective affiliates shall extend any waiting period or comparable period under the HSR Act or enter into any agreement with any governmental authority not to consummate the transactions contemplated by the Merger Agreement, except with the prior written consent of the other parties and (ii) Parent and Acquisition Sub agree to take promptly any and all steps necessary or reasonably advisable or as may be required by any governmental authority to avoid or eliminate each and every impediment and obtain all consents under any antitrust laws that may be required by any governmental authority so as to enable the parties to consummate the Merger as expeditiously as possible, including committing to and effecting, by consent decree, hold separate order, trust or otherwise, (a) selling, divesting, licensing or otherwise disposing of, or holding separate and agreeing to sell, divest, license or otherwise dispose of, any assets of CoreLogic or its subsidiaries or of Parent or Acquisition Sub, (b) terminating, amending or assigning existing relationships and contractual rights and obligations of CoreLogic or its subsidiaries or of Parent or Acquisition Sub, (c) requiring Parent or Acquisition Sub or CoreLogic or its subsidiaries, to grant any right or commercial or other accommodation to, or enter into any material commercial contractual or other commercial relationship with, any third party and (d) imposing limitations on Parent or Acquisition Sub or CoreLogic or its subsidiaries, with respect to how they own, retain, conduct or operate all or any portion of their respective businesses or assets so long as any such action contemplated by clause (ii) above is conditioned upon the consummation of the transactions contemplated by the Merger Agreement.

Conditions to the Closing of the Merger (page [●])

The respective obligations of each party to consummate the Merger are subject to the satisfaction or (to the extent not prohibited by law) waiver by CoreLogic, Parent and Acquisition Sub at or prior to the Effective Time of the following conditions:

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The obligations of Parent and Acquisition Sub to consummate the Merger are also subject to the satisfaction or (to the extent not prohibited by law) waiver by Parent at or prior to the Effective Time of the following conditions:

The obligations of CoreLogic to effect the Merger are also subject to the satisfaction or waiver by CoreLogic of the following conditions:

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Termination of the Merger Agreement (page [●])

The Merger Agreement may be terminated at any time prior to the Effective Time, whether before or after the CoreLogic Stockholder Approval:

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Termination Fees (page [●])

If the Merger Agreement is terminated in specified circumstances, the terminating party may be required to pay a termination fee.

Parent would be entitled to receive a termination fee of $165 million from CoreLogic if:

CoreLogic would be entitled to receive a reverse termination fee of $330 million from Parent in the event the Merger Agreement is terminated (i) by CoreLogic because of the breach of any covenant or agreement under

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the Merger Agreement by Parent or Acquisition Sub, which breach would give rise to the failure of any conditions to the obligations of CoreLogic to effect the Merger, (ii) by CoreLogic because Parent failed to consummate the Merger by the time the closing of the Merger should have occurred, and CoreLogic has given Parent written notice at least three (3) business days prior to such termination stating CoreLogic’s intention to terminate the Merger Agreement or (iii) by CoreLogic or Parent if the Merger is not consummated on or before 5:00 p.m. (New York City time) on August 9, 2021 and, at the time of such termination, CoreLogic would have been entitled to terminate the Merger Agreement pursuant to (i) or (ii) above.

Enforcement Expenses (page [●])

If CoreLogic or Parent fails to pay the termination fee or reverse termination fee, respectively, and in order to obtain such payment, Parent or CoreLogic, as applicable, commences a suit that results in a judgment against the other party for the payment of such fee, such paying party shall pay the other party its costs and expenses in connection with such suit. However, neither such payment shall exceed $7.5 million.

Specific Performance (page [●])

Parent, Acquisition Sub and CoreLogic are entitled to specific performance to prevent breaches of the Merger Agreement and to enforce specifically the terms and provisions of the Merger Agreement (including failing to take such actions as are required of it thereunder to consummate the Merger Agreement) in addition to any other remedy to which they are entitled at law or in equity. CoreLogic is entitled to obtain specific performance or other equitable relief to cause Parent to effect the closing of the Merger if and only if (i) the conditions to the obligations of Parent and Acquisition Sub to consummate the Merger (other than conditions to be satisfied at the closing of the Merger, each of which is capable of being satisfied at the closing of the Merger) have been satisfied at the time when the closing of the Merger would have occurred but for the failure of the Equity Financing to be funded, (ii) Parent fails to consummate the closing of the Merger on the date on which the Closing Date is required to have occurred, (iii) the financing provided for by the Debt Commitment Letter or alternative financing has been funded in accordance with its terms or will be funded at the closing of the Merger in accordance with its terms if the Equity Financing is funded at the closing of the Merger, (iv) CoreLogic is ready, willing and able to consummate the closing of the merger and CoreLogic has irrevocably confirmed in a written notice that if specific performance is granted and the Equity Financing and Debt Financing or alternative financing are funded, then the closing of the Merger will occur and (v) Parent does not consummate the closing of the Merger within three (3) business days after delivery of the written notice specified in clause (iv) above.

Market Prices and Dividend Data (page [●])

CoreLogic Common Stock is listed on the NYSE under the symbol “CLGX.” The closing price of CoreLogic Common Stock on February 3, 2021, the last full trading day prior to the Board’s approval of the Merger Agreement, was $80.78. On [●], 2021, the latest practicable trading day before the date of this Proxy Statement, the closing price of CoreLogic Common Stock was $[●] per share.

Under the terms of the Merger Agreement, between the date of the Merger Agreement and the earlier of the Effective Time or the termination of the Merger, neither CoreLogic nor any of its subsidiaries may, with the exception of the quarterly cash dividend of $0.33 per share of CoreLogic Common Stock, which CoreLogic will pay on March 15, 2021, authorize, declare, pay or make any dividends or other distributions without the prior written consent of Parent.

Appraisal Rights (page [●])

If the Merger is adopted by CoreLogic stockholders, stockholders who do not vote in favor of the adoption of the Merger Agreement and who properly exercise and perfect his, her or its demand for appraisal rights under 262 of the DGCL shall not be converted into the Merger Consideration, but the holders of such Dissenting Shares

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shall be entitled to receive such consideration as shall be determined pursuant to Section 262 of the DGCL. This means that CoreLogic stockholders will be entitled to have their shares of CoreLogic Common Stock appraised by the Court of Chancery of the State of Delaware (the “Court of Chancery”) and to receive payment in cash of the “fair value” of the shares of CoreLogic Common Stock, exclusive of any elements of value arising from the accomplishment or expectation of the Merger, together with interest based to be paid upon the amount determined to be fair value, if any, as determined by the Court of Chancery. CoreLogic stockholders who wish to seek appraisal of their shares are in any case encouraged to seek the advice of legal counsel with respect to the exercise of appraisal rights due to the complexity of the appraisal process.

Stockholders considering seeking appraisal should be aware that the fair value of their shares as determined pursuant to Section 262 of the DGCL could be more than, the same as or less than the value of the consideration they would receive pursuant to the Merger if they did not seek appraisal of their shares.

To exercise your appraisal rights, you must, among other things, submit a written demand for appraisal to CoreLogic before the vote is taken on the adoption of the Merger Agreement, you must not submit a proxy or otherwise vote in favor of the proposal to adopt the Merger Agreement and you must continue to hold the shares of CoreLogic Common Stock of record through the Effective Time. Your failure to follow exactly the procedures specified under the DGCL will result in the loss of your appraisal rights. The DGCL requirements for exercising appraisal rights are described in further detail in this Proxy Statement in the section entitled “Appraisal Rights” beginning on page [●] of this Proxy Statement, and the relevant section of the DGCL regarding appraisal rights is reproduced and attached as Annex C to this Proxy Statement. If you hold your shares of CoreLogic Common Stock through the Fidelity 401(k) Plan or a broker, bank or other nominee and you wish to exercise appraisal rights, you should consult with your broker, bank or other nominee to determine the appropriate procedures for the making of a demand for appraisal by such broker, bank or other nominee.

Neither the SEC nor any state securities regulatory agency has approved or disapproved of the transactions described in this document, including the Merger, or determined if the information contained in this document is accurate or adequate. Any representation to the contrary is a criminal offense.

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QUESTIONS AND ANSWERS

The following questions and answers are intended to address some commonly asked questions regarding the Merger, the Merger Agreement and the Special Meeting. These questions and answers may not address all questions that may be important to you as a CoreLogic stockholder. You are encouraged to read carefully the more detailed information contained elsewhere in this Proxy Statement, the annexes to this Proxy Statement and the documents we refer to in this Proxy Statement. You may obtain the information incorporated by reference in this Proxy Statement without charge by following the instructions in the section entitled “Where You Can Find More Information” beginning on page [●] of this Proxy Statement.

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For holders in street name: If your shares of CoreLogic Common Stock are held in street name and you do not instruct your broker, bank or other nominee how to vote your shares, then, because both of the Special Meeting Proposals are “non-routine matters,” your broker, bank or other nominee would not have discretionary authority to vote your shares on the Special Meeting Proposals. If your shares of CoreLogic Common Stock are held in street name, your broker, bank or other nominee has enclosed a voting instruction form with this Proxy Statement. We encourage you to authorize your broker, bank or other nominee to vote your shares “FOR” both of the Special Meeting Proposals by following the instructions provided on the voting instruction form.

If you submit your proxy by internet, telephone or mail, and you do not subsequently revoke your proxy, your shares of CoreLogic Common Stock will be voted in accordance with your instructions.

Even if you plan to attend the Special Meeting and vote by ballot, you are encouraged to vote your shares of CoreLogic Common Stock by proxy. If you are a stockholder of record or if you obtain a valid legal proxy to vote shares which you beneficially own and wish to change your vote, you may still vote your shares of CoreLogic Common Stock by ballot at the Special Meeting even if you have previously voted by proxy. If you attend the Special Meeting in a virtual format and vote by virtual ballot, your previous vote by proxy will not be counted.

Stockholders must register in advance to participate in the Special Meeting remotely, following the procedures outlined in the section “The Special Meeting” beginning on page [●] of this Proxy

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Statement. Requests for registration to participate in the Special Meeting remotely must be received no later than [●] a.m., Pacific Standard Time, on [●], 2021. Once admitted to the Special Meeting, stockholders may vote their shares and view a list of stockholders by following the instructions available on the meeting website.

After registering to participate in the Special Meeting remotely, stockholders will receive an email prior to the meeting with a link and instructions for entering the Special Meeting. Stockholders may vote following the procedures outlined in the section “The Special Meeting” beginning on page [●] of this Proxy Statement.

In any case, we recommend that you submit your proxy via the internet or by telephone by following the instructions on the enclosed proxy card, or by signing, dating and returning the enclosed proxy card in the postage-paid envelope provided—even if you plan to attend the Special Meeting in a virtual format. In light of the reported continuing delays in the postal system, we encourage all stockholders to vote electronically. If you properly and timely submit your proxy, the individuals named as your proxy holders will vote your shares as you have directed. If you attend the Special Meeting in a virtual format and vote by virtual ballot, your vote by virtual ballot will revoke any proxy previously submitted. If you hold your shares in street name, because you are not the stockholder of record, you may not vote your shares by virtual ballot at the Special Meeting in a virtual format unless you request and obtain a valid legal proxy from your bank, broker, bank or other nominee.

Please note that participants in our 401(k) Plan may not vote their plan shares by ballot at the Special Meeting and in order to vote their shares, must provide voting instructions to Fidelity by [●], 2021 at 11:59 p.m., Eastern Time. See “How are my shares in CoreLogic’s 401(k) Plan voted?” in this section of the Proxy Statement for more information.

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The Board unanimously recommends that you vote “FOR” the proposal to approve the adoption of the Merger Agreement, and the transactions contemplated by the Merger Agreement, include in the

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Merger; by means of a non-binding, advisory vote and “FOR” the proposal to approve compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger.

Under certain specified circumstances, CoreLogic may be required to pay Parent a termination fee, or under certain other specified circumstances, CoreLogic may be entitled to receive a reverse termination fee from Parent, upon the termination of the Merger Agreement, as described in the sections entitled “Terms of the Merger Agreement—Termination Fees” beginning on page [●] of this Proxy Statement.

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As of [●], 2021, the Record Date for determining who is entitled to vote at the Special Meeting, there were approximately [●] shares of CoreLogic Common Stock issued and outstanding. Each holder of CoreLogic Common Stock is entitled to one vote per share of CoreLogic Common Stock owned by such holder as of the Record Date.

If your shares are held through a broker, bank or other nominee, or if your shares are held through the Fidelity 401(k) Plan, you are considered the beneficial owner of those shares. In that case, this Proxy Statement has been forwarded to you by your broker, bank or other nominee who is considered, with respect to those shares, to be the stockholder of record. As the beneficial owner, you have the right to direct your broker, bank or other nominee how to vote your shares. Without your voting instructions, because of the non-routine nature of the Special Meeting Proposals, your broker, bank or other nominee may not vote your shares with respect to the Special Meeting Proposals.

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If you hold your shares as a record holder, you may change or revoke your proxy in any one of the following ways:

Please note that participants in our 401(k) Plan may not vote their plan shares by ballot at the Special Meeting and in order to vote their shares, must provide voting instructions to Fidelity by [●], 2021 at [●] p.m., Eastern Time. See “How are my shares in CoreLogic’s 401(k) Plan voted?” in this section of the Proxy Statement for more information.

Your latest dated proxy card, internet or telephone vote is the one that is counted.

If your shares are held in street name by a broker, bank or other nominee, you may change your voting instructions by following the instructions of your broker, bank or other nominee.

If you properly sign your proxy card but do not mark the boxes showing how your shares should be voted on a matter, the shares represented by your properly signed proxy will be voted “FOR” the proposal to adopt the Merger Agreement and “FOR” the proposal to approve, by non-binding, advisory vote, compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger.

Shares of the CoreLogic Common Stock held in the Fidelity 401(k) Plan are voted by the Fidelity 401(k) Plan’s trustee in accordance with specific instructions given by the Fidelity 401(k) Plan participants to whose accounts such shares of the CoreLogic Common Stock have been allocated. Any shares of CoreLogic Commons Stock held in a Fidelity 401(k) Plan for which no instructions are received will be voted in the same proportion as those shares of CoreLogic Common Stock for which instructions are received.

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For CoreLogic stockholders of record: Please call Innisfree M&A Incorporated at (877) 750-9498 (toll-free from the U.S. and Canada) or +1(412) 232-3651 (from other locations).

For holders in “street name”: Please contact your account representative at your broker, bank or other similar institution.

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For a more complete description of the U.S. federal income tax consequences of the Merger, see the section entitled “The Merger—U.S. Federal Income Tax Consequences of the Merger” beginning on page [●] of this Proxy Statement.

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If the Merger is completed, each Company RSU granted prior to February 4, 2021 will, automatically and without any required action on the part of the holder thereof, vest (if unvested) and be cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the total number of shares of CoreLogic Common Stock underlying such Company RSU (including any shares of CoreLogic Common Stock in respect of dividend equivalent units credited thereon) multiplied by (ii) the Merger Consideration.

If the Merger is completed, each Company PSU granted prior to February 4, 2021 will, automatically and without any required action on the part of the holder thereof, vest (if unvested) and be cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the number of shares of CoreLogic Common Stock underlying such Company PSU (including any shares of CoreLogic Common Stock in respect of dividend equivalent units credited thereon) with performance measured in accordance with the terms of the applicable governing documents (i.e., for those Company PSUs that vest based in part on the attainment of earnings per share metrics, based on the attainment of the applicable performance metrics at the greater of the target or actual level of performance, and for each other Company PSU, based on attainment of the applicable performance metrics at the target level of performance), as determined by the Board or a committee thereof after consultation with Parent prior to the Effective Time multiplied by (ii) the Merger Consideration.

If the Merger is completed, each Company RSU and Company PSU granted after February 4, 2021 will, immediately prior to the Effective Time, vest on a prorated basis (with Company PSUs vesting at the target level of performance), with such proration equal to a fraction, the numerator of which is the number of months from January 1, 2021 to Closing Date and the denominator of which is thirty-six, and be treated in accordance with the terms of the Merger Agreement, as described above. The portion of any equity award granted after February 4, 2021 that does not vest on a prorated basis will be forfeited without consideration.

For additional information regarding the treatment of CoreLogic’s outstanding equity awards, see the section entitled “Terms of the Merger Agreement—Merger Consideration—Outstanding Company Equity Awards” beginning on page [●] of this Proxy Statement.

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Technical support will be ready to assist you with any individual technical difficulties you may have accessing the virtual meeting website. Contact information for technical support will appear on the virtual meeting login page prior to the start of the Special Meeting. You are encouraged to visit the FAQs and System Test link, located in your registration confirmation email to test your system and view the minimum system requirements for the meeting.

Innisfree M&A Incorporated

501 Madison Avenue, 20th Floor

New York, NY 10022

Stockholders May Call: (877) 750-9498 (TOLL-FREE from the U.S. and Canada)

or +1 (412) 232-3651 (from other locations)

Banks and Brokers May Call Collect: (212) 750-5833

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This Proxy Statement, and the documents to which CoreLogic refers you in this Proxy Statement, as well as information included in oral statements or other written statements made or to be made by CoreLogic or on

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CoreLogic’s behalf, contain “forward-looking statements” within the meaning of the federal securities laws, including but not limited to those statements related to the Merger, including financial estimates and statements as to the expected timing, completion and effects of the Merger. Risks and uncertainties exist that may cause the results to differ materially from those set forth in these forward-looking statements. These risks and uncertainties include but are not limited to: (i) the completion of the Merger on the anticipated terms and timing, including obtaining required stockholder and regulatory approvals, and the satisfaction of other conditions to the completion of the acquisition; (ii) the ability of Stone Point Capital Partners and Insight Partners to obtain the necessary financing arrangements set forth in the commitment letters received in connection with the Merger; (iii) potential litigation relating to the Merger that could be instituted against Stone Point Capital Partners, Insight Partners, CoreLogic or their respective directors, managers or officers, including the effects of any outcomes related thereto; (iv) the risk that disruptions from the Merger will harm CoreLogic’s business, including current plans and operations; (v) the ability of CoreLogic to retain and hire key personnel; (vi) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the Merger; (vii) continued availability of capital and financing and rating agency actions; (viii) legislative, regulatory and economic developments; (ix) potential business uncertainty, including changes to existing business relationships, during the pendency of the Merger that could affect CoreLogic’s financial performance; (x) certain restrictions during the pendency of the Merger that may impact CoreLogic’s ability to pursue certain business opportunities or strategic transactions; (xi) unpredictability and severity of catastrophic events, including but not limited to acts of terrorism, outbreaks of war or hostilities or the COVID-19 pandemic, as well as management’s response to any of the aforementioned factors; (xii) the possibility that the Merger may be more expensive to complete than anticipated, including as a result of unexpected factors or events; (xiii) the occurrence of any event, change or other circumstance that could give rise to the termination of the Merger, including in circumstances requiring CoreLogic to pay a termination fee; (xiv) those risks and uncertainties set forth in Part I, Item 1A of CoreLogic’s most recent Annual Report on Form 10-K and Part II, Item 1A of CoreLogic’s subsequent Quarterly Reports on Form 10-Q, as such risk factors may be amended, supplemented or superseded from time to time by other reports filed by CoreLogic with the SEC; and (xv) those risks that will be described in the proxy statement that will be filed with the SEC and available from the sources indicated below. While the list of factors presented in this Proxy Statement are considered representative, no such list should be considered a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on CoreLogic’s consolidated financial condition, results of operations, credit rating or liquidity. The forward-looking statements speak only as of the date they are made. CoreLogic does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

All of the forward-looking statements CoreLogic makes in this Proxy Statement are qualified by the information contained or incorporated by reference herein, including, but not limited to, (i) the information contained under this heading and (ii) the information in CoreLogic’s consolidated financial statements and notes thereto included in our most recent filing on Form 10-K for the fiscal year ended December 21, 2020 and subsequent periodic and interim report filings (see the section entitled “Where You Can Find More Information” beginning on page [●] of this Proxy Statement).

Discussions of additional risks and uncertainties are contained in CoreLogic’s filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect CoreLogic’s judgment only as of the date hereof. CoreLogic undertakes no obligation to update publicly any of these forward-looking statements to reflect new information, future events or otherwise.

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THE SPECIAL MEETING

Date, Time and Place of the Special Meeting

This proxy statement is being furnished to the CoreLogic stockholders as a part of the solicitation of proxies by the Board for use at the Special Meeting to be held on [●], [●], 2021, at [●][, at [●]] [a.m.] / [p.m.], Eastern Time or at any adjournment or postponement thereof. Due to public health concerns surrounding COVID-19 and to prioritize the health and well-being of CoreLogic’s employees, stockholders and others community members, CoreLogic will hold the Special Meeting in a virtual format only at www.cesonlineservices.com/clgx21_vm. You will not be able to attend the Special Meeting in person.

Purpose of the Special Meeting

At the Special Meeting, CoreLogic stockholders will be asked to consider and vote on proposals to:

Record Date; Shares Entitled to Vote; Quorum

Only CoreLogic stockholders of record as of the close of business on [●], 2021 are entitled to notice of the Special Meeting and to vote at the Special Meeting or at any adjournment or postponement thereof. A list of stockholders entitled to vote at the Special Meeting will be available for inspection in CoreLogic’s headquarters located at 40 Pacifica, Irvine, California 92618, during regular business hours for a period of at least ten (10) days before the Special Meeting and at the location of the Special Meeting during the Special Meeting. To access the list during the Special Meeting, please use the virtual meeting website link set forth above.

The inspector of elections appointed for the Special Meeting will tabulate votes cast by proxy or by ballot at the Special Meeting. The inspector of elections will also determine whether a quorum is present. In order to constitute a quorum for the conduct of business at the Special Meeting, a majority of the outstanding shares of Common Stock entitled to vote at the Special Meeting must be present or represented by proxy at the Special Meeting. Shares that abstain from voting on any proposal will be treated as shares that are present and entitled to vote at the Special Meeting for purposes of determining whether a quorum is present.

With respect to shares held in street name, your broker, bank or other nominee generally has the discretionary authority to vote uninstructed shares on “routine” matters, but cannot vote such uninstructed shares on “non-routine” matters. A “broker non-vote” will occur if your broker, bank or other nominee cannot vote your shares on a particular matter because it has not received instructions from you and does not have discretionary voting authority on that matter or because your broker, bank or other nominee chooses not to vote on a matter for which it does have discretionary voting authority. Broker non-votes will not be counted for purposes of determining whether a quorum is present.

Vote Required; Abstentions and Broker Non-Votes

The affirmative vote of a majority of the outstanding shares of CoreLogic Common Stock entitled to vote thereon is required to adopt the Merger Agreement. The affirmative vote of the holders of a majority in voting power of the CoreLogic Common Stock entitled to vote there on, which are present, or represented by proxy, at the Special Meeting, provided a quorum is present, is required to approve, by means of a non-binding, advisory vote, the proposal to approve compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger. This means that the proposal to adopt the Merger Agreement, and the transaction contemplated thereby, including the Merger, will be approved if the number of shares voted

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“FOR” such proposal is greater than fifty (50%) of the total number of outstanding shares of CoreLogic Common Stock entitled to vote at the Special Meeting. Abstentions will be counted as votes “AGAINST” the proposal to adopt the Merger Agreement and the transactions contemplated by the Merger Agreement, including the Merger, and the proposal to approve compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger. Because both proposals presented to stockholders will be considered non-discretionary, there will not be any broker non-votes at the Special Meeting. Broker non-votes will not be considered present for the purposes of establishing a quorum and will not count as votes cast at the Special Meeting, and otherwise will have no effect on a particular proposal.

Shares Held by CoreLogic’s Directors and Executive Officers

At the close of business on the Record Date, CoreLogic’s directors and executive officers beneficially owned [●] shares of CoreLogic Common Stock, which represented approximately [●]% of the shares of outstanding CoreLogic Common Stock on that date. The directors and executive officers have informed CoreLogic that they currently intend to vote all of their shares of CoreLogic Common Stock and “FOR” the adoption of the Merger Agreement, “FOR” the non-binding, advisory proposal regarding compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger.

Voting of Proxies

If your shares are registered in your name with CoreLogic’s transfer agent, EQ Shareholder Services, you may cause your shares to be voted by submitting electronically over the internet or by phone a proxy authorizing the voting of your shares by following the instructions on your proxy card. You must have the enclosed proxy card available, and follow the instructions on the proxy card, in order to submit a proxy electronically over the internet or by telephone. In light of the reported continuing delays in the postal system, we encourage all stockholders to vote electronically. Alternatively, if you do not have access to a touch-tone phone or the Internet, you may sign, date and return the enclosed proxy card in the postage-paid envelope provided. Based on your proxy cards or internet and telephone proxies, the proxy holders will vote your shares according to your directions.

If you plan to attend and desire to vote at the Special Meeting in a virtual format, you will be provided with a virtual ballot at the Special Meeting. Please note that if your shares of Common Stock are held of record by a broker, bank or other nominee, and you decide to attend and vote at the Special Meeting in a virtual format, your vote by virtual ballot at the Special Meeting will not be effective unless you present a legal proxy, issued in your name from your broker, bank or other nominee. Please also note that as mentioned above, participants in our 401(k) Plan may not vote their plan shares by ballot at the Special Meeting and in order to vote their shares, must provide voting instructions to Fidelity by [●], 2021 at [●] p.m., Eastern Time. Even if you plan to attend the Special Meeting, we encourage you to submit your proxy to vote your shares in advance of the Special Meeting.

Voting instructions are included on your enclosed proxy card. All shares represented by properly executed proxies received in time for the Special Meeting will be voted at the Special Meeting in accordance with the instructions of the stockholders. Properly executed proxies that do not contain voting instructions will be voted “FOR” adoption of the Merger Agreement and “FOR” the proposal to approve, by non-binding, advisory vote, compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger. No proxy that is specifically marked against adoption of the Merger Agreement will be voted in favor of the proposed compensation arrangements for CoreLogic’s named executive officers in connection with the Merger, unless it is specifically marked “FOR” the approval of such proposal.

If your shares of our Common Stock are held in street name and you do not instruct your broker, bank or other nominee how to vote your shares, then, because both of the Special Meeting Proposals are “non-routine matters,” your broker, bank or other nominee would not have discretionary authority to vote your shares on the Special Meeting Proposals. If your shares of our Common Stock are held in street name, your broker, bank or

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other nominee has enclosed a voting instruction form with this Proxy Statement. We encourage you to authorize your broker, bank or other nominee to vote your shares “FOR” both of the Special Meeting Proposals by following the instructions provided on the voting instruction form. If you do not vote via the internet or telephone through your broker, bank or other nominee or do not return your bank’s, broker’s or other nominee’s voting form, or do not attend the Special Meeting and vote with a proxy from your broker, bank or other nominee, it will be counted as a vote “AGAINST” the proposal to adopt the Merger Agreement and will not have any effect on the proposal to approve, by non-binding, advisory vote, compensation that will or may become payable by CoreLogic to its named executive officers in connection with the Merger.

How you May Revoke or Change Your Vote

You may change or revoke your previously submitted proxy at any time before the Special Meeting or, if you attend the Special Meeting in a virtual format, by voting by virtual ballot at the Special Meeting. If you hold your shares as a record holder, you may change or revoke your proxy in any one of the following ways:

Please note that to be effective, your new proxy card, internet or telephonic voting instructions or written notice of revocation must be received by CoreLogic’s Secretary prior to the Special Meeting.

If your shares are held in street name by a broker, bank or other nominee, you may change your voting instructions by following the instructions of your broker, bank or other nominee. You may also vote at the Special Meeting by ballot if you register in advance to attend the Special Meeting following the procedures described below and if you provide a valid legal proxy from your broker, bank or other nominee.

Any adjournment, recess or postponement of the Special Meeting for the purpose of soliciting additional proxies will allow CoreLogic stockholders who have already sent in their proxies to revoke them at any time prior to their use at the Special Meeting which was adjourned, recessed or postponed.

Adjournments

If a quorum is not present or if there are not sufficient votes for the approval of the merger proposal, CoreLogic expects that the Special Meeting will be adjourned by the chairman of the Special Meeting pursuant to CoreLogic’s bylaws to solicit additional proxies in accordance with the Merger Agreement. At any subsequent reconvening of the Special Meeting, all proxies will be voted in the same manner as the manner in which such proxies would have been voted at the original convening of the Special Meeting, except for any proxies that have been validly revoked or withdrawn prior to the subsequent meeting.

If the Special Meeting is adjourned, we are not required to give notice of the time and place of the adjourned meeting if announced at the Special Meeting at which the adjournment is taken, unless the adjournment is for more than thirty (30) days or the Board fixes a new record date for the Special Meeting. At any adjourned meeting, any business may be transacted which might have been transacted at the original Special Meeting.

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Technical Difficulties or Trouble Accessing the Virtual Meeting Website

If CoreLogic experiences technical difficulties during the Special Meeting (e.g., a temporary or prolonged power outage), it will determine whether the Special Meeting can be promptly reconvened (if the technical difficulty is temporary) or whether the Special Meeting will need to be reconvened on a later day (if the technical difficulty is more prolonged). In any such situation, CoreLogic will promptly notify stockholders of the decision via the virtual meeting website.

Technical support will be ready to assist you with any individual technical difficulties you may have accessing the virtual meeting website. Contact information for technical support will appear on the virtual meeting login page prior to the start of the Special Meeting. You are encouraged to visit the FAQs and System Test link, located in your registration confirmation email to test your system and view the minimum system requirements for the meeting.

Tabulation of Votes

All votes will be tabulated by the inspector of election appointed for the Special Meeting. The inspector of election will separately tabulate affirmative and negative votes and abstentions.

Solicitation of Proxies

The cost of this proxy solicitation will be borne by CoreLogic. Our directors, officers and employees may solicit proxies by mail, telephone, facsimile and email, or by other electronic means. We will pay these directors, officers and employees no additional compensation for these services. We will reimburse banks, brokers and other nominees for their reasonable, out-of-pocket expenses incurred in forwarding this Proxy Statement and related materials to, and obtaining instructions relating to such materials from, beneficial owners of CoreLogic Common Stock.

CoreLogic has retained Innisfree as its proxy solicitor. Innisfree will solicit proxies by mail, telephone, facsimile and email, or by other electronic means. Under our agreement with Innisfree, Innisfree will receive an estimated fee not to exceed $[●] plus reimbursement of its reasonable, out-of-pocket expenses for its services. In addition, Innisfree and certain related persons will be indemnified against certain liabilities arising out of or in connection with the engagement.

Anticipated Date of Consummation of the Merger

Assuming timely satisfaction of necessary closing conditions, including, among other things, the CoreLogic Stockholder Approval and receipt of required regulatory approvals, we currently anticipate that the Merger will be consummated in the second quarter of 2021.

Attending the Special Meeting

Stockholders must register in advance to participate in the Special Meeting remotely. Requests for registration to participate in the Special Meeting remotely must be received no later than [●] a.m., Pacific Standard Time, on [●], 2021. Stockholders may make such requests to register by following the instructions below. Once admitted to the Special Meeting, stockholders may vote their shares and view a list of stockholders by following the instructions available on the meeting website.

Registering to Participate in the Special Meeting Remotely as a Stockholder of Record

Stockholders of record as of the Record Date may register to participate in the Special Meeting remotely by visiting the website www.cesonlineservices.com/clgx21_vm. Please have your proxy card (containing your

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control number) available and follow the instructions to complete your registration request. You may be requested to upload a scanned copy or photo image of your proxy card to the website. After registering, stockholders will receive a confirmation email with a link and instructions for accessing the Special Meeting. Requests to register to participate in the Special Meeting remotely must be received no later than [●] a.m., Pacific Standard Time, on [●], 2021.

Registering to Participate in the Special Meeting Remotely as a Beneficial Owner

Stockholders whose shares are held through a broker, bank or other nominee as of the Record Date may register to participate in the Special Meeting remotely by visiting the website www.cesonlineservices.com/clgx21_vm. Please have your Voting Instruction Form or other communication from your broker, bank or other nominee (containing your control number) available and follow the instructions to complete your registration request. You will be requested to upload a scanned copy or photo image of your Voting Instruction Form or other communication from your broker, bank or other nominee containing your control number. After registering, stockholders will receive a confirmation email with a link and instructions for accessing the Special Meeting. Requests to register to participate in the Special Meeting remotely must be received no later than [●] a.m., Pacific Standard Time, on [●], 2021.

Participating in the Virtual Special Meeting

After registering to participate in the Special Meeting remotely, stockholders will receive an email prior to the meeting with a link and instructions for entering the Special Meeting. Stockholders may vote following the procedures outlined below.

The virtual meeting site is supported on internet browsers and devices (e.g., desktops, laptops, tablets and smart phones) running the most updated version of applicable software and plugins. Each participant should ensure strong WiFi or other internet connection, allow plenty of time to log in and ensure that he or she can hear streaming audio prior to the start of the Special Meeting.

Voting at the Special Meeting Remotely as a Stockholder of Record

After accessing the Special Meeting as described above, stockholders of record may vote by clicking on the Stockholder Ballot link on the Special Meeting site, completing the electronic ballot, and clicking ‘Submit’ to have it sent directly to the Inspector of Election before the polls are closed at the Special Meeting.

Stockholders of record are reminded that they can vote their shares prior to the Special Meeting over the internet using the website indicated on the proxy card, by telephone using the toll-free number on the proxy card or by signing, dating and returning the proxy card in the postage-paid envelope previously provided. In light of the reported continuing delays in the postal system, we encourage shareholders to vote electronically. If you have submitted your vote by proxy in advance of the Special Meeting, you do not need to vote by ballot, unless you wish to change your vote.

Voting at the Special Meeting Remotely as a Beneficial Owner

A beneficial owner who holds shares through a broker, bank or other nominee and intends to vote at the Special Meeting must present a legal proxy, issued in its name from its broker, bank or other nominee, in order for its vote to be effective. This legal proxy must be saved as a PDF or image file format and attached with its electronic ballot, using the ‘Choose File’ button on the ballot, during the Special Meeting.

After accessing the Special Meeting as described above, beneficial owners may vote by clicking on the Stockholder Ballot link on the Special Meeting site, completing the electronic ballot, attaching their legal proxy using the ‘Choose File’ button on the ballot, and clicking ‘Submit’ to have it sent directly to the Inspector of

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Election before the polls are closed at the Special Meeting. The voting instruction form received by stockholders in connection with the Special Meeting is not a legal proxy.

Beneficial owners are reminded that they can instruct their brokers, banks or other nominees to vote their shares prior to the Special Meeting by following the directions on the voting instruction form to provide their instructions over the internet, by telephone or by signing, dating and returning the voting instruction form in the postage-paid envelope previously provided. In light of the reported continuing delays in the postal system, we encourage shareholders to submit their instructions to their brokers, banks or other nominees electronically. If you have submitted your instructions to your bank, broker, bank or other nominee in advance of the Special Meeting, you do not need to vote by ballot, unless you wish to change your vote. Please note that if you request a legal proxy from your bank, broker, bank or other nominee, it will automatically revoke any instructions you may have previously given to that bank, broker, bank or other nominee.

Assistance

If you need assistance in completing your proxy card or have questions regarding the Special Meeting, please contact Innisfree, our proxy solicitor, by calling (877) 750-9498 (TOLL-FREE from the U.S. and Canada) or +1(412) 232-3651 (from other locations). Brokers, banks and other nominees may call collect at (212) 750-5833.

Rights of Stockholders Who Seek Appraisal

If the Merger is adopted by CoreLogic stockholders, stockholders who do not vote in favor of the adoption of the Merger Agreement and who properly exercise and perfect his, her or its demand for appraisal rights under 262 of the DGCL shall not be converted into the Merger Consideration, but the holders of such Dissenting Shares shall be entitled to receive such consideration as shall be determined pursuant to Section 262 of the DGCL. This means that CoreLogic stockholders will be entitled to have their shares of CoreLogic Common Stock appraised by the Court of Chancery and to receive payment in cash of the “fair value” of the shares of CoreLogic Common Stock, exclusive of any elements of value arising from the accomplishment or expectation of the Merger, together with interest based to be paid upon the amount determined to be fair value, if any, as determined by the Court of Chancery. CoreLogic stockholders who wish to seek appraisal of their shares are in any case encouraged to seek the advice of legal counsel with respect to the exercise of appraisal rights due to the complexity of the appraisal process.

Stockholders considering seeking appraisal should be aware that the fair value of their shares as determined pursuant to Section 262 of the DGCL could be more than, the same as or less than the value of the consideration they would receive pursuant to the Merger if they did not seek appraisal of their shares.

To exercise your appraisal rights, you must, among other things, submit a written demand for appraisal to CoreLogic before the vote is taken on the adoption of the Merger Agreement, you must not submit a proxy or otherwise vote in favor of the proposal to adopt the Merger Agreement and you must continue to hold the shares of CoreLogic Common Stock of record through the Effective Time. Your failure to follow exactly the procedures specified under the DGCL will result in the loss of your appraisal rights. The DGCL requirements for exercising appraisal rights are described in further detail in this Proxy Statement in the section entitled “Appraisal Rights” beginning on page [●] of this Proxy Statement, and the relevant section of the DGCL regarding appraisal rights is reproduced and attached as Annex C to this Proxy Statement. If you hold your shares of CoreLogic Common Stock through the Fidelity 401(k) Plan, or a broker, bank or other nominee and you wish to exercise appraisal rights, you should consult with your broker, bank or other nominee to determine the appropriate procedures for the making of a demand for appraisal by such broker, bank or other nominee.

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PROPOSAL 1: ADOPTION OF THE MERGER AGREEMENT

THE MERGER

The discussion of the Merger in this section and elsewhere in this Proxy Statement is qualified in its entirety by reference to the complete text of the Merger Agreement, a copy of which is attached as Annex A to this Proxy Statement and is incorporated into this Proxy Statement by reference. This summary does not purport to be complete and may not contain all of the information about the Merger that is important to you. You are encouraged to read the Merger Agreement carefully and in its entirety as it is the legal document that governs the Merger.

Additional information about CoreLogic may be found elsewhere in this Proxy Statement and in CoreLogic’s other public filings. See the section entitled “Where You Can Find Additional Information” beginning on page [●] of this Proxy Statement.

Parties Involved in the Merger

CoreLogic, Inc.

40 Pacifica

Irvine, California 92618

CoreLogic is a leading global property information, analytics, data-enabled software platforms, and services provider operating in North America, Western Europe, and Asia Pacific. CoreLogic’s vision is to deliver unique property-level insights that power the global real estate economy. CoreLogic’s mission is to empower its clients to make smarter decisions through data-driven insights.

CoreLogic provides software platforms and value-added business services that address the unique needs of the mortgage, real estate, insurance, capital, public sector, and rental property markets. The quality of CoreLogic’s software platforms and services is distinguished by a broad range of data assets and CoreLogic’s experience in aggregating, organizing, normalizing, processing, and delivering data on a large-scale basis. CoreLogic’s structured property-specific data, consisting of over 150 million parcel records, covers 99% of the U.S., includes both residential and commercial real estate data and is enriched by over 1 billion historical sales, mortgage, and pre-foreclosure transactions. CoreLogic’s consortium data covers loan level mortgage performance, appraisal, as well as mortgage application data and is in excess of 300 million records. CoreLogic is also the industry’s first parcel-based geocoder and has developed a proprietary spatial database covering more than 150 million parcel polygons across the U.S. These databases enable CoreLogic’s clients to access detailed property insights, current and historical mortgage data, involuntary property liens and encumbrances, building construction and replacement costs, consumer credit, tenancy, location intelligence, hazard, and other natural risk factors as well as mortgage risk and portfolio performance data.

CoreLogic Common Stock is currently listed on the NYSE under the symbol “CLGX.”

Celestial-Saturn Parent Inc.

c/o Stone Point Capital LLC

20 Horseneck Lane

Greenwich, CT 06830

Parent is a Delaware corporation, formed on February 3, 2021 solely for the purpose of engaging in the transactions contemplated by the Merger Agreement, including the Merger, and the related financing transactions. Parent has not conducted any business operations except in furtherance of this purpose and activities incident to its formation.

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Celestial-Saturn Merger Sub Inc.

c/o Stone Point Capital LLC

20 Horseneck Lane

Greenwich, CT 06830

Acquisition Sub is a Delaware corporation and a wholly-owned subsidiary of Parent, formed on February 3, 2021 solely for the purpose of entering into the Merger Agreement and completing the transactions contemplated by the Merger Agreement, including the Merger, and the related financing transactions. Acquisition Sub has not conducted any business operations except in furtherance of this purpose and activities incident to its formation. Upon the consummation of the Merger, Acquisition Sub will cease to exist.

Parent and Acquisition Sub are each affiliated with the Insight Funds and the Stone Point Funds. Parent, Acquisition Sub and the Insight Funds are each affiliated with Insight Partners, a leading global venture capital and private equity firm focusing on high-growth technology and software companies. Parent, Acquisition Sub and the Stone Point Funds are each associated with Stone Point, a leading private equity firm, investing in businesses within the global financial services industry. At the Effective Time (as defined in the section of the proxy statement captioned—[●]), the Surviving Corporation (as defined in the section of the proxy statement captioned—[●]) will be indirectly owned by the Insight Funds, the Stone Point Funds and certain of their respective affiliates.

In connection with the transactions contemplated by the Merger Agreement, (1) the Insight Funds have provided Parent with an equity commitment of $1,000,000,000 (the “Insight Equity Financing”), (2) the Stone Point Funds have provided Parent with an equity commitment of $1,500,000,000 (the “Stone Point Equity Financing” and, together with the Insight Equity Financing, the “Equity Financing”) and (3) Parent has obtained a Debt Financing commitment in an aggregate amount of $5,500,000,000 from J.P. Morgan (the “Debt Financing” and, together with the Equity Financing, the “Financing”). Such amounts will be used to fund the aggregate purchase price required to be paid at the closing of the Merger and also to fund certain other payments, subject to the terms and conditions of the Merger Agreement. In addition, the Insight Funds and the Stone Point Funds have each agreed to guarantee the payment of certain liabilities and obligations of Parent and Acquisition Sub under the Merger Agreement, subject to an aggregate cap equal to $135,000,000, with respect to the Insight Funds, and $202,500,000, with respect to the Stone Point Funds, including any termination fee and amounts in respect of certain reimbursement and indemnification obligations of Parent and Acquisition Sub for certain costs, expenses or losses incurred or sustained by CoreLogic, as specified in the Merger Agreement. For more information, please see the section of this proxy statement captioned “The Merger—Financing of the Merger.”

Effect of the Merger

If the Merger Agreement is adopted by CoreLogic stockholders and certain other conditions to the consummation of the Merger are either satisfied or waived, Acquisition Sub will merge with and into CoreLogic, with CoreLogic surviving and continuing under the name “CoreLogic, Inc.” as the Surviving Corporation. As a result of the Merger, CoreLogic, Inc. will become a wholly-owned subsidiary of Parent, and CoreLogic Common Stock will no longer be publicly traded. In addition, CoreLogic Common Stock will be delisted from the NYSE and deregistered under the Exchange Act, in each case, in accordance with applicable laws, rules and regulations, and CoreLogic will no longer file periodic reports with the SEC on account of CoreLogic Common Stock. If the Merger is consummated, you will not own any shares of capital stock of the Surviving Corporation.

The Effective Time will occur upon the filing of a certificate of merger with the Secretary of State of the State of Delaware (or at such later time as CoreLogic and Parent may agree and specify in the certificate of merger).

Effect on CoreLogic if the Merger is Not Consummated

If the Merger Agreement is not adopted by CoreLogic stockholders or if the Merger is not consummated for any other reason, CoreLogic stockholders will not receive any payment for their shares of CoreLogic Common

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Stock. Instead, CoreLogic will remain an independent public company, CoreLogic Common Stock will continue to be listed and traded on the NYSE and registered under the Exchange Act and CoreLogic will continue to file periodic reports with the SEC on account of CoreLogic Common Stock. In addition, if the Merger is not consummated, CoreLogic expects that CoreLogic’s management will operate the business in a manner similar to that in which it is being operated today.

Furthermore, if the Merger is not consummated, and depending on the circumstances that would have caused the Merger not to be consummated, it is possible that the price of CoreLogic Common Stock will decline significantly. If that were to occur, it is uncertain when, if ever, the price of CoreLogic Common Stock would return to the price at which it trades as of the date of this Proxy Statement.

Accordingly, if the Merger is not consummated, there can be no assurance as to the effect of these risks and opportunities on the future value of your shares of CoreLogic Common Stock. If the Merger is not consummated, the Board will continue to evaluate and review CoreLogic’s business operations, properties, dividend policy and capitalization, among other things, make such changes as are deemed appropriate and continue to seek to identify strategic alternatives to enhance stockholder value. If the Merger Agreement is not adopted by CoreLogic stockholders or if the Merger is not consummated for any other reason, there can be no assurance that any other transaction acceptable to CoreLogic will be offered or that CoreLogic’s business, prospects or results of operation will not be adversely impacted.

In addition, under specified circumstances, CoreLogic may be required to pay Parent a termination fee, or may be entitled to receive a reverse termination fee from Parent, upon the termination of the Merger Agreement, as described in the section entitled “Terms of the Merger Agreement—Termination Fees” beginning on page [●] of this Proxy Statement.

Merger Consideration

Upon the consummation of the Merger, each share of CoreLogic Common Stock issued and outstanding immediately prior to the Effective Time (other than (i) shares held by CoreLogic or any subsidiary of CoreLogic (including shares held as treasury stock), (ii) shares held, directly or indirectly, by Parent or Acquisition Sub, which will be cancelled and retired for no consideration, and (iii) any Dissenting Shares) will be converted into the Merger Consideration. Additionally, all issued and outstanding rights issued in connection with the Rights Agreement will expire in their entirety without any payment being made in respect thereof in accordance with the Rights Agreement Amendment.

Background of the Merger

As part of its ongoing evaluation of CoreLogic’s business, the Board, together with senior management, regularly reviews and assesses opportunities to increase stockholder value, including evaluating various potential strategic alternatives, including acquisitions, dispositions and internal restructurings. In the past few years, CoreLogic has undergone a successful transformation that has contributed to record earnings and cash flow in 2020 and substantial capital return to CoreLogic’s stockholders. CoreLogic also regularly engages with its stockholders to discuss CoreLogic and its business, operations and financial results and to hear the views of stockholders regarding CoreLogic.

On June 25, 2020, with no knowledge of Senator’s and Cannae’s actions or plans, CoreLogic issued a press release increasing its guidance for the second quarter of fiscal year 2020 to reflect CoreLogic’s expectations for strong second quarter financial performance. In its release, CoreLogic noted the revenue and adjusted EBITDA guidance increase was driven principally by continued market share gains and operating leverage attributable to higher U.S. mortgage market volumes. Following the issuance of the press release after the market closed, CoreLogic’s stock price increased approximately 9% to $57.80 in after-hours trading.

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On June 26, 2020, Senator and Cannae, without contacting CoreLogic in advance, publicly issued a press release announcing Senator and Cannae’s unsolicited, non-binding proposal to acquire CoreLogic at a price of $65.00 in cash per share of Common Stock (the “Initial Senator/Cannae Acquisition Proposal”). Later on June 26, 2020, CoreLogic received a letter from Senator and Cannae containing the Initial Senator/Cannae Acquisition Proposal, and CoreLogic issued a statement that the Board would carefully review the Initial Senator/Cannae Acquisition Proposal to determine the course of action it believed was in the best interests of CoreLogic and its stockholders.

On June 27, 2020, the Board held a meeting, with representatives of CoreLogic’s financial advisor, Evercore Group L.L.C. (“Evercore”), and CoreLogic’s outside legal counsel, Skadden, Arps, Slate, Meagher & Flom LLP (“Skadden”), both of which had previously advised CoreLogic on other matters, present, at which they discussed, among other things, the Initial Senator/Cannae Acquisition Proposal.

On June 29, 2020, Frank D. Martell, CoreLogic’s Chief Executive Officer, was contacted by the Chief Executive Officer of CoStar Group, Inc. (“CoStar”), regarding the Initial Senator/Cannae Acquisition Proposal, and the two executives communicated from time to time in the following months. In addition, following the public announcement of the Initial Senator/Cannae Acquisition Proposal, a number of parties contacted CoreLogic and its representatives expressing an interest in exploring the possibility of a transaction with CoreLogic if CoreLogic were to determine to pursue such a path.

On July 3, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, to provide the Board an update on events since the last Board meeting relating to the Initial Senator/Cannae Acquisition Proposal and to consider next steps. At the meeting the Board reviewed presentations regarding the potential adoption of a shareholder rights plan and potential amendments to CoreLogic’s bylaws.

On July 6, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, to receive an update on CoreLogic’s business and results and to discuss, among other things, the Initial Senator/Cannae Acquisition Proposal, inbound contacts from third parties expressing interest in a potential transaction following the public announcement of the Initial Senator/Cannae Acquisition Proposal, an increase in CoreLogic’s share repurchase authorization and the potential adoption of a short-term stockholder rights plan. Additionally, representatives of Skadden discussed with the directors their fiduciary duties in the context of the Initial Senator/Cannae Acquisition Proposal. At the meeting the Board, following consultation with representatives of Evercore and Skadden, unanimously determined that the Initial Senator/Cannae Acquisition Proposal (i) significantly undervalued CoreLogic, (ii) raised serious regulatory concerns and (iii) was not in the best interests of CoreLogic’s stockholders. The Board did, however, authorize management to meet with Senator and Cannae to learn more about the Initial Senator/Cannae Acquisition Proposal. The Board also increased CoreLogic’s share repurchase authorization to $1 billion and adopted a short-term stockholder rights plan.

On the morning of July 7, 2020, CoreLogic issued two press releases announcing, among other things, the Board’s determination as to (i) the Initial Senator/Cannae Acquisition Proposal, (ii) the increase in CoreLogic’s share repurchase authorization to $1 billion and (iii) the adoption of a short-term stockholder rights plan. That same day, CoreLogic also issued a press release announcing an increase to financial guidance for full-year 2020 and initiation of 2021 and 2022 financial guidance. Later on July 7, 2020, Senator and Cannae issued a press release announcing, among other things, that they were prepared, if CoreLogic did not engage with Senator and Cannae regarding the Initial Senator/Cannae Acquisition Proposal, to call a special meeting of CoreLogic stockholders to replace the Board as early as July 28, 2020.

Also on July 7, 2020, CoStar’s financial advisor contacted representatives of Evercore and indicated CoStar’s possible interest in a transaction involving CoreLogic if CoreLogic were to determine to pursue a transaction.

On July 10, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed, among other things, developments relating to the Initial Senator/Cannae Acquisition Proposal and

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inbound contacts from third parties expressing interest in a potential transaction with CoreLogic, including the July 7, 2020 communication from CoStar’s financial advisor.

On July 14, 2020, members of the Board and senior management of CoreLogic, with representatives from Evercore and Skadden present, met with representatives of Senator and Cannae to learn more about the Initial Senator/Cannae Acquisition Proposal and to seek additional information regarding (i) Senator and Cannae’s views on value and willingness to raise its offer price, (ii) Senator and Cannae’s contemplated financing sources and (iii) regulatory concerns raised by the Initial Senator/Cannae Acquisition Proposal in light of Cannae’s relationships with competitors of CoreLogic. Senator and Cannae requested access to confidential and competitively sensitive non-public due diligence information. This meeting was followed by a call the next day among representatives of Skadden and representatives of Cannae’s legal counsel at Weil, Gotshal & Manges LLP and Senator’s legal counsel at Cadwalader, Wickersham & Taft LLP regarding the regulatory considerations raised by the Initial Senator/Cannae Acquisition Proposal.

Also on July 14, 2020, two parties, which we refer to collectively as Party A, together with two equity financing sources, submitted to CoreLogic a letter expressing interest in acquiring 100% of the outstanding shares of CoreLogic in an all-cash transaction at a value “significantly above” the Initial Senator/Cannae Acquisition Proposal, together with “highly confident” letters from three financial institutions of international reputation.

On July 16, 2020, representatives of Party A contacted representatives of Evercore during which Party A’s representatives reiterated their belief that Party A could potentially deliver a valuation of CoreLogic “significantly above” the Initial Senator/Cannae Acquisition Proposal.

On July 17, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed, among other things, the Initial Senator/Cannae Acquisition Proposal and Senator and Cannae’s request to conduct non-public due diligence. The Board reviewed the request in light of the value and other terms proposed by Senator and Cannae, which the Board had previously unanimously determined (i) significantly undervalued CoreLogic, (ii) raised serious regulatory concerns and (iii) was not in the best interests of CoreLogic’s stockholders. The Board noted that following the announcement of the Initial Senator/Cannae Acquisition Proposal, CoreLogic had provided Senator and Cannae significant additional transparency into the strength and direction of CoreLogic’s business when it publicly issued increased guidance for fiscal year 2020 and publicly provided financial projections for fiscal year 2021 and fiscal year 2022, and that Senator and Cannae had insight into CoreLogic’s business because Cannae and its associated companies, including Black Knight, Inc. and Fidelity National Financial, Inc., were familiar with the industry, and had sufficient information to increase the price of the Initial Senator/Cannae Acquisition Proposal but had not done so. At the meeting, the Board determined not to provide non-public information to Senator and Cannae unless they first raised their offer to a level that provided appropriate value to CoreLogic’s stockholders reflecting CoreLogic’s strong multi-year outlook. After the meeting, CoreLogic communicated to Senator and Cannae the Board’s decision not to provide them with non-public information unless they first raised their offer, and, on July 20, 2020, issued a press release disclosing the Board’s decision. Also at the July 17, 2020 meeting, the Board received from representatives of Evercore an update regarding inbound contacts from third parties expressing interest in exploring the possibility of a transaction with CoreLogic, including Party A. It was the consensus of the Board that CoreLogic and Evercore should continue to register such interest but not actively pursue such interest at that time and that CoreLogic should continue to provide transparency to stockholders and other interested parties regarding the strength and direction of the business so that in the event the Board determined to pursue such interest in the future it would be well positioned to maximize stockholder value in any such transaction, and the Board directed Evercore accordingly.

On July 22, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, to review the results for the second quarter, including the strength and direction of the business, as well as the contents of the proposed earnings release and investor materials. Additionally, the Board authorized a 50% increase in CoreLogic’s quarterly dividend to $0.33 per share.

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On July 23, 2020, CoreLogic issued its earnings for the second quarter of fiscal year 2020 reflecting financial results for the quarter that exceeded the increased financial guidance issued on June 25, 2020 and announced, among other things, (i) guidance for the third quarter of fiscal year 2020 and further increased full-year guidance for fiscal year 2020, (ii) a commitment to complete the recently authorized $1 billion share repurchase by 2022, including at least $500 million in 2020, (iii) a 50% increase in CoreLogic’s quarterly dividend to $0.33 per share and (iv) its plans to divest two lower margin reseller businesses.

On July 24, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, to, among other things, receive an update on the second quarter of fiscal year 2020 earnings call and matters relating to the Initial Senator/Cannae Acquisition Proposal.

On July 29, 2020, Senator and Cannae issued a press release stating that they had initiated a process to request that the Board call a special meeting of stockholders to elect nine Senator and Cannae nominees to the Board.

Later on July 29, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed, among other things, the announcement that Senator and Cannae had initiated a process to request that the Board call a special meeting of stockholders and other matters relating to the Initial Senator/Cannae Acquisition Proposal.

On July 30, 2020, Senator delivered a letter (the “Record Date Request Letter”) to CoreLogic’s Secretary to request that a record date be set by the Board for the purpose of determining CoreLogic’s stockholders entitled to deliver to Senator the requisite stockholder request cards necessary to request that the Board call a special meeting of CoreLogic’s stockholders for the purposes described in the Record Date Request Letter.

On July 31, 2020 and August 7, 2020, the Board held meetings, with representatives of Evercore and Skadden present, at which it discussed, among other things, a potential special meeting of stockholders, the Initial Senator/Cannae Acquisition Proposal and contacts from third parties expressing interest in exploring a potential transaction with CoreLogic, including outreach from CoStar and Party A.

On August 7, 2020, CoStar’s financial advisor and representatives of Evercore had a call during which representatives of CoStar’s financial advisors indicated CoStar’s continued interest in the possibility of a transaction with CoreLogic.

On August 9, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed Senator’s and Cannae’s Record Date Request Letter and determined to call a special meeting of CoreLogic’s stockholders (the “November Special Meeting”), without requiring Senator to deliver requests from the holders of 10% of the outstanding Common Stock, in order to allow CoreLogic’s stockholders to consider and vote upon Senator’s four proposals (the “Stockholder Proposals”). The Board also determined to hold the November Special Meeting on November 17, 2020.

On August 14, 2020, August 21, 2020 and August 28, 2020, the Board held meetings, with representatives of Evercore and Skadden present, to receive an update on developments relating to the Initial Senator/Cannae Acquisition Proposal and other matters related to the November Special Meeting.

On September 4, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, to receive an update on developments relating to the Initial Senator/Cannae Acquisition Proposal and to consider certain matters relating to the November Special Meeting. At the meeting, the Board unanimously determined, among other things, (i) to set September 18, 2020 as the record date for the November Special Meeting and (ii) to approve the filing of a preliminary proxy statement with respect to the November Special Meeting.

On September 11, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, to receive an update on developments relating to the Initial Senator/Cannae Acquisition Proposal and the November Special Meeting.

During the first half of September, CoStar’s Chief Executive Officer communicated with Mr. Martell regarding CoStar’s interest in setting up a meeting to further discuss CoStar’s interest in exploring the possibility of a combination with CoreLogic.

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On September 12, 2020, Mr. Martell and CoStar’s Chief Executive Officer had a call to discuss the strategic benefits of a potential transaction and developments relating to the Initial Senator/Cannae Acquisition Proposal.

On September 14, 2020, Senator and Cannae sent a letter to the Board in which they increased the proposed price in the Initial Senator/Cannae Acquisition Proposal by $1.00 to $66.00 per share of Common Stock in cash (the “Revised Senator/Cannae Acquisition Proposal”) and requested access to non-public due diligence information. Senator and Cannae noted in the letter that the Revised Senator/Cannae Acquisition Proposal was not intended as a reassessment of value.

Later on September 14, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed the Revised Senator/Cannae Acquisition Proposal and Senator and Cannae’s request to conduct non-public due diligence. At the meeting, following consultation with Evercore and Skadden, the Board unanimously determined that the Revised Senator/Cannae Acquisition Proposal (i) continued to significantly undervalue CoreLogic, (ii) raised serious regulatory concerns that had not been addressed and (iii) was not in the best interests of CoreLogic’s stockholders. The Board also unanimously determined that the inadequate price reflected by the Revised Senator/Cannae Acquisition Proposal did not justify providing non-public due diligence information to a competitor.

On September 18, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it received updates on developments relating to the Revised Senator/Cannae Acquisition Proposal and the November Special Meeting and on CoreLogic’s financial and operational performance. At the meeting, the Board unanimously determined, among other things, to provide updated guidance for the third quarter of 2020, the remainder of fiscal year 2020 and fiscal year 2021.

On September 22, 2020, CoreLogic issued a press release announcing, among other things, (i) a substantial increase in financial guidance for the third quarter and full year 2020 and for the full year 2021, (ii) its expectation of double digit revenue growth, at upper single digit organic growth and margin expansion of over 300 basis points in the second half of 2020 and (iii) a reaffirmation of its plan to repurchase at least $500 million in shares of Common Stock during 2020.

On September 24, 2020, Mr. Martell and CoStar’s Chief Executive Officer met to discuss CoStar’s interest in exploring a potential combination with CoreLogic, including the prospects for the combined company in terms of revenue, cash flow, strategic opportunities and synergies.

On September 25, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed, among other things, contacts from third parties expressing an interest in pursuing a potential transaction with CoreLogic. At the meeting, the Board reviewed considerations relating to whether to pursue discussions with any such parties, the timing of beginning to pursue any such discussions and various strategic considerations relating to such potential discussions.

On October 2, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed communications from CoStar indicating its potential interest in pursuing a strategic transaction. The Board also reviewed possible strategies for developing further interest by third parties in a transaction and for maximizing value in the event the Board determined to pursue such a transaction, including seeking an indication of interest from a credible third party at value significantly higher than the Revised Senator/Cannae Acquisition Proposal that could be a more appropriate basis upon which to solicit additional indications of interest at higher values. The Board concluded that CoreLogic should seek to develop CoStar’s possible interest in a potential transaction and seek a written indication of interest from CoStar at a significantly higher value than the Revised Senator/Cannae Acquisition Proposal and develop interest from, and if available plan to seek engagement with, other parties.

Early the week of October 5, 2020, consistent with the Board’s instructions, Mr. Martell had a call with CoStar’s Chief Executive Officer to discuss the possible strategic merit in considering a potential combination

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with CoStar. On such call, Mr. Martell and CoStar’s Chief Executive Officer agreed to meet to further discuss CoStar’s perspectives and possible interest in a potential combination with CoreLogic.

On October 9, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed, among other things, recent communications with CoStar and possible alternatives in the event CoStar determined not to pursue further discussions or not to provide an indication of interest at appropriate values. The Board reviewed the impact of CoreLogic’s financial performance and updated guidance on CoreLogic’s ability to generate financial sponsor interest at appropriate value levels. At the conclusion of the meeting, it was the consensus of the Board to continue to seek to develop a possible strategic transaction with CoStar and seek an indication of interest from CoStar at a value significantly higher than the Revised Senator/Cannae Acquisition Proposal, and continue planning for possible alternatives in the event discussions with CoStar were not productive.

On October 11, 2020, Mr. Martell and CoStar’s Chief Executive Officer held a discussion regarding the potential merit of a strategic transaction between CoreLogic and CoStar, and CoStar’s interest in a potential combination.

On October 13, 2020, CoStar’s Chief Executive Officer and Mr. Martell discussed a potential strategic transaction between CoreLogic and CoStar during which CoStar’s Chief Executive Officer orally indicated to Mr. Martell CoStar’s preliminary interest in acquiring all of CoreLogic’s outstanding shares at a value range of $77 to $83 per share in a transaction involving CoStar stock as consideration. During the discussion, CoStar’s Chief Executive Officer expressed a willingness to sign a customary non-disclosure agreement with a standstill and to begin due diligence.

On October 16, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed the recent communications with CoStar regarding its possible interest in a potential strategic transaction with CoreLogic. At the conclusion of the meeting, it was the consensus of the Board that CoreLogic should continue discussions with CoStar, seek a written indication of interest from CoStar with an improved value range and to seek to sign a customary non-disclosure agreement so that the parties could begin to conduct due diligence.

On October 20, 2020, CoStar’s Chief Executive Officer orally indicated to Mr. Martell CoStar’s interest in a transaction at a value at or above $80 per share but that CoStar required that the parties enter into a non-disclosure agreement before providing its indication of interest in writing.

Later on October 20, 2020, at the instruction of CoreLogic management, representatives of Evercore sent an email to CoStar’s financial advisor to set up a call to confirm the understanding from the call between CoStar’s Chief Executive Officer and Mr. Martell earlier that day and to discuss next steps. CoStar’s financial advisor responded with a draft non-disclosure agreement, which representatives of Evercore then sent to CoreLogic and representatives of Skadden.

On October 21, 2020, representatives of Skadden and CoStar’s legal counsel held a call to discuss the draft non-disclosure agreement proposed to be entered into between CoStar and CoreLogic.

On October 22, 2020, CoStar’s Chief Executive Officer notified Mr. Martell that CoStar was now not prepared to engage in further discussions regarding a potential strategic transaction during the pendency of CoreLogic’s proxy fight with Senator and Cannae and, as a result, CoStar was not prepared to engage in further discussions before the November Special Meeting.

Later on October 22, 2020, at the instruction of CoreLogic management, representatives of Evercore spoke by phone with CoStar’s financial advisor to confirm the understanding from the call between CoStar’s Chief Executive Officer and Mr. Martell earlier that day.

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Also on October 22, 2020, CoreLogic announced its earnings for the third quarter of fiscal year 2020 which reflected, among other things, (i) significant revenue growth over the prior-year equivalent period, (ii) increased organic revenue growth over the second quarter of 2020, and (iii) the expected achievement of full-year 2020 results at the upper end of the previously announced guidance range.

On October 23, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed, among other things, the recent interaction with CoStar and its representatives and that CoStar was not prepared to engage in further discussions regarding a potential strategic transaction before the November Special Meeting. The Board also discussed potential next steps involving outreach to other third parties and reviewed the third parties that had expressed interest in pursuing a transaction with CoreLogic and relative interest expressed by such parties. At the conclusion of the meeting, in light of Party A’s substantial interest in pursuing a transaction with CoreLogic, in order to ascertain if an attractive transaction might be available and the expectation that the anticipated terms of a potential transaction with Party A could also provide a favorable backdrop for engaging with other third parties, it was the consensus of the Board that representatives of Evercore should contact Party A regarding its interest in submitting an indication of interest in a transaction, with a more specific valuation than provided in its July 14, 2020 letter, and develop further recommendations regarding possible outreach to other parties. After the meeting, as directed by the Board, representatives of Evercore contacted Party A regarding submitting an indication of interest in a transaction.

On October 24, 2020, Party A submitted an updated written, non-binding indication of interest in acquiring all of CoreLogic’s outstanding shares at a value of at least $80 per share, together with “highly confident” letters from three financial institutions of international reputation. On October 25, 2020, CoreLogic entered into non-disclosure agreements with Party A.

On October 26, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed, among other things, contacts from third parties expressing an interest in pursuing a potential transaction with CoreLogic and the process of developing potential interest in a transaction at an appropriate value. The Board determined to continue its discussions with Party A and prepare to support their non-public due diligence investigation.

In the morning of October 28, 2020, CoreLogic became aware of market rumors that it had received indications of interest regarding a strategic transaction with CoreLogic. Later on October 28, 2020, CoreLogic issued a press release confirming, in light of market speculation, that CoreLogic was engaging with third parties indicating interest based on public information in the potential acquisition of CoreLogic at values at or above $80 per share.

On October 29, 2020, representatives of Skadden sent to CoStar’s counsel a draft non-disclosure agreement in substantially the form executed by Party A on October 25, 2020 and indicated that CoreLogic would engage with CoStar if it wished to do so and would execute the non-disclosure agreement.

Later on October 29, 2020, representatives of Stone Point sent an email to representatives of Evercore, and such representatives subsequently spoke by phone to discuss Stone Point’s interest in pursuing a potential transaction with CoreLogic.

On October 30, 2020, Senator and Cannae issued a press release that they were not bidders for CoreLogic at values at or above $80 per share but would continue their proxy fight to remove and replace nine members of the Board.

On October 31, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed, among other things, (i) the November Special Meeting and (ii) the status of discussions regarding a potential transaction with each of CoStar and Party A and authorized Evercore to begin outreach to additional third parties regarding potential interest in a transaction with CoreLogic. Additionally, representatives of Skadden discussed with the directors their fiduciary duties in the context of the ongoing strategic review.

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On November 3, 2020, CoreLogic announced that the Board was conducting a thorough strategic review to maximize stockholder value, was open to all paths to create value and was willing to engage with all credible potential buyers expressing interest at an appropriate level.

On November 4, 2020, CoStar’s Chief Executive Officer sent a letter to the Board expressing CoStar’s interest in engaging in discussions regarding a potential combination following the resolution of the November Special Meeting. The letter stated that CoStar and its advisors were confident in CoStar’s ability to reach a successful transaction expeditiously within the range of values previously discussed. Later that day, Mr. Martell responded to CoStar’s Chief Executive Officer that CoreLogic was ready to re-engage with CoStar.

On November 5, 2020, a third party, which we refer to as Party B, submitted a written, non-binding indication of interest in acquiring all of CoreLogic’s outstanding shares at a value at or above $80 per share. Also on November 5, 2020, two third parties, which we refer to collectively as Party C, submitted a written, non-binding indication of interest in acquiring all of CoreLogic’s outstanding shares at a value of $80 per share, and also noted that “depending on the outcome of diligence, Party C may have the opportunity to increase [its] offer.”

On November 6, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed progress on the outreach to third parties regarding potential interest in a transaction with CoreLogic, due diligence and meetings with interested parties and potential additional parties, including strategic parties, who could be contacted regarding interest in pursuing a transaction with CoreLogic. The Board also discussed the November 4, 2020, letter from CoStar’s Chief Executive Officer and Mr. Martell’s response and the non-binding indications of interest of Party B and Party C. At the meeting, the Board authorized CoreLogic to negotiate and enter into non-disclosure agreements with additional parties indicating interest in acquiring CoreLogic at values consistent with other parties who had entered non-disclosure agreements and for Evercore to contact additional parties, including an additional strategic party discussed by the Board, to assess their interest in a transaction.

Also on November 6, 2020, CoreLogic provided the parties who had signed non-disclosure agreements with access to a virtual data room that contained certain due diligence materials with respect to CoreLogic. CoreLogic continued to grant access to the data room as other parties signed non-disclosure agreements and to populate the data room on a rolling basis thereafter.

On November 7, 2020, CoreLogic entered into a non-disclosure agreement with an equity financing source for Party A.

On November 9, 2020, CoreLogic entered into a non-disclosure agreement with Party B.

Also on November 9, 2020, representatives of two third parties, which we collectively refer to as Party D, had a call with representatives of Evercore in which they indicated that they were interested in partnering regarding a potential transaction involving CoreLogic at values at or above $80 per share.

Also on November 9, 2020, Mr. Martell emailed CoStar’s Chief Executive Officer encouraging CoStar to join the process.

On November 10, 2020, CoStar’s Chief Executive Officer responded to Mr. Martell’s email from November 9, 2020, indicating that CoStar was still interested in pursuing a strategic transaction with CoreLogic, but would not reengage in discussions with respect to such a transaction until after the November Special Meeting.

Also on November 10, 2020, a third party, which we refer to as Party E, and representatives of Evercore had a call in which Party E indicated it was interested in participating in the transaction process and believed,

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based on publicly available information, that Party E could be competitive with other indications that CoreLogic had confirmed publicly it had received (at or above $80 per share), but that it would not submit such indication of interest without first entering into a non-disclosure agreement with CoreLogic.

Also on November 10, 2020, CoreLogic held a management presentation with representatives of Party A.

Also on November 10, 2020, Party D submitted a written, non-binding indication of interest in acquiring all of CoreLogic’s outstanding shares at a value at or above $80 per share.

On November 12, 2020, Party E sent an e-mail to representatives of Evercore indicating Party E remained interested in participating in the transaction process and would devote sufficient time and resources to evaluate an acquisition of CoreLogic quickly and efficiently.

On November 13, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed recent developments relating to the upcoming Special Meeting and CoreLogic’s strategic review process. The Board also discussed inbound interest received from third parties and the outreach to third parties potentially interested in exploring a strategic transaction with CoreLogic. During the meeting, representatives of Evercore reported on the interest received from such third parties and stated that the strategic party who had been contacted at the direction of the Board had indicated that it was not likely interested in considering a transaction with CoreLogic.

Also on November 13, 2020, CoreLogic entered into a non-disclosure agreement with Party C.

On the morning of November 17, 2020, CoreLogic held the November Special Meeting to consider and vote upon four items of business proposed by Senator and Cannae, including the removal of nine existing directors and the nomination for appointment of nine replacement directors, the final results for which were certified on November 20, 2020. Later in the day on November 17, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed, among other things, an update on CoreLogic’s strategic review process.

Following the November Special Meeting, on November 17, 2020, Mr. Martell corresponded with CoStar’s Chief Executive Officer regarding the potential to reengage in discussions regarding CoStar’s participation in the ongoing strategic review process.

Also on November 17, 2020, representatives of Skadden sent to representatives of CoStar’s legal counsel a revised draft of the non-disclosure agreement that CoStar had initially provided to Skadden.

On November 18, 2020, CoreLogic entered into non-disclosure agreements with each of Party D and Party E and held a management presentation with Party B. Also on November 18, 2020, CoreLogic sent first round process instruction letters soliciting proposals to acquire CoreLogic to each of Parties A, B, C, D and E requesting updated proposals no later than December 15, 2020.

On November 19, 2020, CoreLogic held a management presentation with Party C.

On November 20, 2020, CoreLogic held a management presentation with Party D.

Also on November 20, 2020, the inspector of elections delivered its certified results for the November Special Meeting, which showed that CoreLogic’s stockholders (i) failed to approve the proposal to repeal each provision of, or amendment to, CoreLogic’s Amended and Restated Bylaws (the “Bylaws”) adopted by the Board without the approval of CoreLogic’s stockholders subsequent to July 6, 2020, (ii) approved the removal of three of CoreLogic’s incumbent directors (J. David Chatham, Thomas C. O’Brien and David F. Walker) that Senator and Cannae were seeking to remove at the November Special Meeting and failed to approve the removal of the

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other six incumbent directors that Senator and Cannae were seeking to remove, (iii) approved the nomination of three of the nominees put forth by Senator and Cannae (W. Steve Albrecht, Wendy Lane and Henry W. “Jay” Winship) for appointment to the Board and failed to approve the nomination of the other six nominees put forth by Senator and Cannae for appointment to the Board and (iv) failed to approve the proposal to adopt Section 2.2 of Article II of the Bylaws to provide mechanics for calling a special meeting of stockholders if no directors or less than a majority of directors are in office.

Also on November 20, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed, among other things, CoreLogic’s strategic review process and the management presentation meetings that CoreLogic held with interested third parties.

Also on November 20, 2020, the remaining directors on the Board appointed W. Steve Albrecht, Wendy Lane, and Henry W. “Jay” Winship to the Board to fill the vacancies created by the removal of J. David Chatham, Thomas C. O’Brien and David F. Walker.

On November 23, 2020, Senator and Cannae requested that CoreLogic set a record date for a stockholder action by written consent to remove seven of CoreLogic’s current directors and nominate the six Senator and Cannae nominees who were nominated at the November Special Meeting but were not appointed to the Board (Martina Lewis Bradford, Gail Landis, Ryan McKendrick, Katherine “KT” Rabin, Sreekanth Ravi and Lisa Wardell), despite the fact that, less than a week prior, CoreLogic’s stockholders voted against the removal of each of CoreLogic’s current directors that Senator and Cannae were seeking to remove (other than Claudia F. Munce who was not included in the removal proposal at the November Special Meeting) and against the nomination of each of these Senator and Cannae nominees.

Also on November 23, 2020, representatives of Party A held a call with representatives of Evercore during which they indicated a desire to partner with Stone Point regarding a potential transaction involving CoreLogic.

On November 24, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed Senator and Cannae’s request to set a record date for a stockholder action by written consent to remove and replace directors on the Board and the impact of such request and potential action by written consent on CoreLogic’s strategic review process.

On November 25, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed, among other things, CoreLogic’s strategic review process, including the interest of parties in pursuing a transaction, including Party A’s desire to partner with Stone Point and the ongoing due diligence process of each of the parties who had signed non-disclosure agreements. It was the consensus of the Board to allow Stone Point to partner with Party A given Stone Point’s experience, size and interest in exploring a transaction.

Also on November 25, 2020, the Board received a letter from CoStar in which CoStar stated its interest in participating in CoreLogic’s strategic review process, requested information about CoreLogic’s process and provided comments to the non-disclosure agreement that CoreLogic previously had been negotiating with CoStar.

On November 26, 2020, CoreLogic entered into a non-disclosure agreement with Stone Point, which was to facilitate it pursuing a strategic transaction with CoreLogic. At this time, Stone Point was a member of Party A.

On November 28, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed various considerations in connection with CoStar’s participation in CoreLogic strategic review process, including the history of discussions with CoStar regarding a potential transaction. At the meeting, it was the consensus of the Board to seek to have CoStar participate in CoreLogic’s process and the Board authorized CoreLogic to seek to negotiate an acceptable non-disclosure agreement with CoStar.

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On November 29, 2020, Mr. Martell sent an email to CoStar’s Chief Executive Officer conveying CoreLogic’s revisions to the non-disclosure agreement proposed by CoStar. Mr. Martell indicated CoreLogic was prepared to move expeditiously to bring CoStar into the strategic review process. Mr. Martell also noted CoreLogic and its representatives would need to perform reverse due diligence on CoStar if CoStar’s proposal would contemplate a material portion of the proposed consideration being CoStar stock.

On November 30, 2020, CoreLogic held a management presentation with Party E.

On December 1, 2020, Party E preliminarily indicated to representatives of Evercore on a conference call that it was unlikely to pursue a transaction with CoreLogic, though no final decision had been made at that time.

On December 3, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it received an update on CoreLogic’s strategic review process.

On December 4, 2020, CoreLogic entered into a non-disclosure agreement with CoStar and delivered to CoStar a first round process instruction letter requesting an updated proposal no later than December 15, 2020.

On December 5, 2020, CoreLogic held a management presentation with CoStar.

On December 11, 2020, CoreLogic issued a press release announcing, among other things, (i) an additional increase in financial guidance for full-year 2020 and 2021 and (ii) that it was continuing to pursue the previously announced strategic review process, including a sale of CoreLogic, for which final bids were expected in early 2021.

On December 15, 2020, CoreLogic received a non-binding indication of interest from CoStar in which CoStar proposed to acquire 100% of CoreLogic’s equity interests in an all-stock transaction for a price of $77 to $83 per share.

Also on December 15, 2020, CoreLogic received a non-binding indication of interest from Party A in which Party A proposed to acquire 100% of CoreLogic’s equity interests in an all-cash transaction for a price of $74 per share. Party A also submitted debt commitment letters from three financial institutions of international reputation.

Parties B, C, D and E did not provide updated indications of interests on December 15, 2020 as requested by the first round process instruction letters and such parties indicated to Evercore that they were no longer interested in pursuing a transaction.

On December 18, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed CoreLogic’s strategic review process. At such meeting, among other things, the representatives of Evercore summarized for the Board interactions with potential bidders (which comprised inbound interest from 43 potential bidders, which expressed interest in potential transactions involving CoreLogic or specific assets of CoreLogic, and outbound calls to 18 potential bidders to explore a potential acquisition of CoreLogic, following the Board’s instruction to Evercore to make additional outbound calls to potential bidders on October 31, 2020) and the updated proposals that had been received to date. The Board discussed various considerations regarding receiving stock of CoStar in a potential strategic transaction and the process and areas of focus relating to due diligence on CoStar should CoStar insist on using its stock as consideration. The Board noted that the certainty of value for CoreLogic’s stockholders that would be provided by cash consideration as compared to stock consideration in any strategic transaction was a factor that weighed in favor of cash consideration. The Board instructed Evercore to invite CoStar and Party A to participate in the second phase of the strategic review process and to deliver feedback on each proposal. Later that day, representatives of Evercore spoke with CoStar’s financial advisor and representatives of Party A. During the discussion with CoStar’s financial advisor, representatives of Evercore noted, among other things, that (i) in light

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of its all-stock proposal, CoreLogic expected to perform reverse due diligence on CoStar, (ii) the Board’s preference for cash consideration or, if CoStar insisted on all-stock consideration, a mechanism to provide greater certainty of value and (iii) the need for certainty of closing, including in relation to antitrust approval. During the discussion with representatives of Party A, representatives of Evercore noted, among other things, that the value indicated in Party A’s proposal would need to improve materially. Party A indicated it was prepared to invest the time and resources to try to improve its value during the second phase of the strategic review process.

On December 22, 2020, representatives of Evercore, at the instruction of CoreLogic management, sent CoStar’s financial advisor a limited information request list to support CoreLogic’s reverse due diligence on CoStar.

On December 23, 2020, CoreLogic posted to the data room auction drafts of a merger agreement for strategic bidders, a document that summarized the required changes to such merger agreement if stock consideration were proposed to be included in a strategic bidder’s proposal, a merger agreement for financial sponsor bidders, and a limited guaranty for financial sponsor bidders. Also on December 23, 2020, Evercore sent second round process instruction letters to each of CoStar and Party A requesting mark-ups of the draft merger agreement, Company disclosure letter and, for financial sponsors, limited guaranty no later than January 11, 2021, and requesting definitive proposals no later than January 19, 2021.

On December 28, 2020, CoreLogic entered into a clean team confidentiality agreement with CoStar governing the disclosure of certain competitively sensitive information.

Also on December 28, 2020, the Board held a meeting, with representatives of Evercore and Skadden present, at which the Board discussed CoreLogic’s strategic review process, including that CoStar and Party A had been invited into the next phase of the process at the direction of the Board, had been provided the second round process letter and draft merger agreement and were informed of the date upon which they were to submit final proposals. The Board also discussed, among other things, various considerations regarding receiving CoStar stock in a transaction with CoStar, including the process and areas of focus relating to reverse due diligence on CoStar.

On December 30, 2020, CoreLogic entered into a non-disclosure agreement with another equity financing source for Party A.

On December 31, 2020, CoreLogic posted to the data room a Company disclosure letter corresponding to the auction draft merger agreements posted on December 23, 2020.

On January 4, 2021, CoStar provided CoreLogic and its advisors with access to a virtual data room that contained certain limited due diligence materials with respect to CoStar.

On January 6, 2021, at the instruction of Company management, representatives of Evercore discussed with CoStar’s financial advisor the status of the reverse due diligence process, including CoreLogic’s view that at that time CoStar had not provided CoreLogic or its advisors with meaningful due diligence materials, despite having CoreLogic’s limited information request for over two weeks, and that no management presentation with CoStar had been scheduled. Representatives of Evercore re-emphasized to CoStar’s financial advisor the importance of reverse due diligence in an all-stock or majority stock consideration transaction and the Board’s preference for cash consideration.

On January 8, 2021, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed, among other things, the status of the strategic review process and the CoStar reverse due diligence process.

Later on January 8, 2021, CoStar provided CoreLogic and its advisors with additional financial due diligence materials in the virtual data room, in partial response to the limited reverse due diligence requests sent to CoStar’s financial advisor on December 22, 2020.

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On January 11, 2021, CoreLogic received mark-ups to the auction draft merger agreements from each of CoStar and Party A. CoStar’s mark-up contemplated all-stock consideration at a fixed exchange ratio and raised a number of issues, including, among others: (i) providing that CoStar would have no obligation to accept any structural, behavioral or other remedies to obtain regulatory approval for the transaction and would not be restricted from acquiring other businesses that would delay or impede the regulatory approval of its acquisition of CoreLogic; (ii) including, in addition to the customary conditions contained in the auction draft merger agreement, a condition that certain unspecified third-party consents would be obtained and expanding other closing conditions; (iii) not providing CoreLogic with the protection, customary for all-stock transactions, of a closing condition that no material adverse effect on CoStar’s business had occurred; (iv) removing the Board’s ability to terminate the merger agreement in the event of a superior proposal for CoreLogic and providing for a fiduciary termination fee of 6% of the equity value of the transaction, payable by CoreLogic in the event the Board changed its recommendation to stockholders; (v) providing for a termination fee of 1% of the equity value of the transaction, payable by CoreLogic if CoreLogic’s stockholders voted not to approve the transaction; (vi) significantly expanding the scope of CoreLogic’s representations and interim operating covenants to which it would be subject prior to the closing of a transaction; and (vii) proposing that Senator and Cannae enter into a voting agreement to vote in favor of the transaction concurrently with signing of the merger agreement. Party A’s mark-up contemplated all-cash consideration and raised a number of issues, including, among others: (i) proposing a marketing period of 20 business days following satisfaction of all closing conditions during which the closing could not occur in order to permit Party A to market its proposed debt financing for the transaction; (ii) proposing a fiduciary termination fee of 3% of the equity value of the transaction and a reverse termination fee of 6% of the equity value of the transaction, payable by Party A if Party A’s committed debt financing was not funded at closing; (iii) significantly expanding the scope of CoreLogic’s representations and interim operating covenants to which it would be subject prior to the closing of a transaction; and (iv) proposing a voting agreement from Senator and Cannae concurrently with signing of the merger agreement.

On January 13, 2021, representatives of Skadden discussed these mark-ups with legal counsel representing each of CoStar and Party A, identifying the key areas in which each bidder should improve its proposed mark-up.

On January 15, 2021, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed CoreLogic’s operational plans and alternatives if the Board were to determine to remain a standalone company at the conclusion of its strategic review process. Representatives of Skadden discussed with the directors at this meeting their fiduciary duties in the context of the Board’s evaluation of strategic alternatives. The Board also discussed the CoreLogic Projections with Company management and representatives of Evercore.

On January 16, 2021, the management of CoreLogic held a joint management meeting with CoStar as part of CoreLogic’s due diligence of CoStar in light of CoStar’s proposal to acquire CoreLogic using its stock as consideration. In the morning of January 17, 2021, Mr. Martell spoke via telephone with CoStar’s Chief Executive Officer to share perspectives regarding the prior day’s detailed meeting and the merits of a strategic combination.

Later on January 17, 2021, the Board held a meeting, with representatives of Evercore, Skadden, Boston Consulting Group and PricewaterhouseCoopers present, at which it (i) received a report on the due diligence that had been conducted on CoStar, (ii) discussed matters regarding the valuation of CoStar’s stock, (iii) received a report from representatives of Skadden regarding the terms of the mark-ups provided by each of the bidders on January 11, 2021 and the discussions that representatives of Skadden had held with legal counsel for each of the bidders and (iv) discussed with representatives of Skadden the directors’ fiduciary duties in the context of the ongoing strategic review.

On January 18, 2021, representatives of Evercore, at the instruction of CoreLogic management, had a call with representatives of Party A regarding the terms of the proposal that it would be submitting on January 19, 2021.

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On January 19, 2021, representatives of CoStar’s legal counsel had a call with representatives of Skadden to discuss the regulatory efforts proposal that would be included in CoStar’s proposal letter.

On January 19, 2021, each of CoStar and Party A submitted proposal letters and revised merger agreement mark-ups. Party A also submitted debt commitment letters from three financial institutions of international reputation.

CoStar’s January 19, 2021 proposal contemplated an all-stock transaction valued at $79.00 per share, which CoStar stated implied a fixed exchange ratio of 0.0883x based on CoStar’s 30-day volume weighted average share price (“VWAP”) as of January 15, 2021. CoStar’s proposal raised a number of issues, including, among others: (i) the absence of cash consideration or other price protection for volatility in CoStar’s stock price; (ii) providing that CoStar would have no obligation to accept any structural, behavioral or other remedies to obtain regulatory approval for the transaction, except, pursuant to an oral communication by CoStar’s legal counsel, that it would accept a requirement to maintain customers’ existing arrangements for up to two years following closing to allow them to transition to a different platform; (iii) including only limited restrictions on acquiring other businesses that would delay or impede the regulatory approval of its acquisition of CoreLogic, including a request for certain identified transactions to be exempted from these limited restrictions; (iv) proposing an outside date of nine months from signing, plus two additional 90-day extensions at CoStar’s option, before either of the parties could terminate the transaction; (v) continuing to remove the Board’s ability to terminate the merger agreement in the event of a superior proposal for CoreLogic and providing for a termination fee of 4.5% of the equity value of the transaction payable by CoreLogic in the event the Board changed its recommendation to stockholders; (vi) continuing to provide for a termination fee of 1% of the equity value of the transaction in the event that CoreLogic’s stockholders voted not to approve the transaction; (vii) continuing to significantly expand the scope of CoreLogic’s representations and interim operating covenants to which it would be subject prior to the closing of a transaction; and (viii) proposing that Senator, but not Cannae, enter into a voting agreement to vote in favor of the transaction concurrently with signing of the merger agreement.

Party A’s January 19, 2021 proposal contemplated all-cash consideration at $74 per share and raised a number of issues, including, among others: continuing to (i) propose a marketing period of 20 business days following satisfaction of all closing conditions during which the closing could not occur in order to permit Party A to market its proposed debt financing for the transaction; (ii) propose a fiduciary termination fee of 3% of the equity value of the transaction and a reverse termination fee of 6% of the equity value of the transaction; and (iii) significantly expand the scope of CoreLogic’s representations and interim operating covenants to which it would be subject prior to the closing of a transaction. However, Party A no longer proposed that Senator or Cannae enter into a voting agreement.

On January 20, 2021, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed the two proposals that had been received the previous day, potential paths to improve the value and terms of each of the proposals and CoreLogic’s prospects as a standalone company. In particular, the Board discussed the interaction of the terms, prices and forms of consideration contemplated in each bid, and regulatory matters, closing certainty and timing considerations for a transaction with each bidder. The Board determined not to accept either of CoStar’s or Party A’s proposals, believing that CoreLogic should continue to seek to develop improved proposals reflecting terms that could be accepted by the Board and instructed Evercore to inform each of CoStar and Party A that it should re-bid by January 22, 2021 to improve its proposal on both terms and value.

On January 21, 2021, representatives of Skadden sent to CoStar’s legal counsel a list of key issues arising out of its latest merger agreement mark-up, including with respect to closing certainty, regulatory matters, the outside date, fiduciary termination rights, termination fees, the definition of Company Material Adverse Effect, the scope of representations and interim operating covenants and the proposed voting agreement with Senator.

Later on January 21, 2021, representatives of Evercore spoke with representatives of CoStar’s financial advisor and representatives of Party A to convey that (i) there were multiple proposals received but that the

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Board determined not to accept any proposals received on January 19, 2021 in their current form, (ii) the Board was still reviewing all avenues to maximize shareholder value, including as a standalone company and (iii) each of CoStar and Party A should re-bid by January 22, 2021, improving proposals on both value and terms. The Evercore representatives also noted that CoStar could and should consider adding meaningful cash to its proposal.

Later on January 21 and also on January 22, 2021, representatives of Evercore spoke with representatives of Party A during two separate phone conversations. The three primary financial sponsors that formed Party A had indicated that they would be splitting into two groups. On one call, representatives of Stone Point indicated that they remained interested in an acquisition of CoreLogic and that Stone Point could increase its proposed all-cash price above the $74 price proposed by Party A on January 19, 2021 to $77 per share. On a separate call, the two other primary financial sponsors that had formed Party A, which we refer to collectively as Party A1, indicated that they would no longer propose an acquisition of CoreLogic and instead would propose a private investment in CoreLogic’s public equity (a “PIPE”) transaction, structured as a convertible preferred security.

On January 22, 2021, each of Stone Point, CoStar and Party A1 submitted updated proposals to CoreLogic. Stone Point proposed an all-cash acquisition at $77 per share and indicated that it would work expeditiously to form a group of co-investors who would commit to the equity portion of its proposal. CoStar proposed an all-stock transaction at a fixed exchange ratio of 0.0917x which CoStar stated implied a value of approximately $82.00 per share based on CoStar’s 30 day VWAP as of January 21, 2021 and $83.60 per share based on CoStar’s closing price on January 21, 2021. CoStar also provided a response to the issues list provided to it on the previous day. In its response, CoStar provided for no additional protection with respect to regulatory efforts beyond its prior proposal, proposed an outside date of nine months from signing, plus a 90-day extension at either party’s option and an additional six-month extension if mutually agreed by the parties. CoStar now proposed to permit the Board to terminate the merger agreement to enter into a transaction providing for a superior proposal and proposed a termination fee of 3.5% of the equity value of the transaction payable by CoreLogic. It also proposed reimbursement of its expenses (in lieu of the previously proposed 1% termination fee) in the event that CoreLogic’s stockholders voted not to approve the transaction. CoStar also no longer proposed to require a voting agreement with Senator. CoStar’s financial advisor called representatives of Evercore to position this updated proposal as a “package” that was conditioned on exclusivity through 11:59 p.m. Pacific time on January 25, 2021; further, CoStar’s financial advisor noted on the call that CoStar requested that any further discussions regarding CoStar’s updated proposal be directly between Mr. Martell and CoStar’s Chief Executive Officer. A draft exclusivity agreement was also provided by CoStar. Party A1 proposed a convertible preferred PIPE investment of $1.5 billion with a conversion price of $80 per share and quarterly payment-in-kind dividends in an amount equal to 6% per annum, with certain premium payments required upon a change of control of CoreLogic.

Also on January 22, 2021, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed CoreLogic’s and its advisors’ interactions with each of the bidders and their respective representatives since the January 20, 2021, Board meeting and each of the proposals received earlier in the day. The Board determined that Mr. Martell should inform CoStar’s Chief Executive Officer that CoreLogic was continuing to evaluate CoStar’s proposal in addition to other proposals, was not currently in a position to provide exclusivity to CoStar based on the terms provided in CoStar’s proposal and was meeting over the weekend to thoroughly evaluate all proposals received, including CoStar’s.

Later on January 22, 2021, Mr. Martell spoke with CoStar’s Chief Executive Officer by telephone and delivered the message approved by the Board.

On January 23, 2021, the Board held a meeting, with representative of Evercore and Skadden present. Representatives of Skadden discussed with the directors their fiduciary duties in the context of the ongoing strategic review. Mr. Martell updated the Board on his discussion with CoStar’s Chief Executive Officer and provided his perspectives regarding a combination with CoStar, including the potential value of a combination

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and the key risks of a transaction with CoStar, including the potential for and lack of protection from a decline in the value of CoStar’s stock, regulatory risk and timing concerns, and concerns over CoreLogic’s ability to effectively operate CoreLogic and retain employees in light of interim operating restrictions between signing and closing. Representatives of Evercore discussed with the Board its analysis of CoreLogic’s standalone value and, along with representatives of Skadden, the value and terms proposed by each of the bidders. Representatives of Skadden also discussed with the Board contract provisions and risks related to closing certainty under CoStar’s proposal. At the conclusion of the meeting, the Board authorized Mr. Martell to call CoStar’s Chief Executive Officer to present a counterproposal, the value and terms of which the Board would be prepared to support at that time.

Following the Board meeting, later on January 23, 2021, Mr. Martell spoke with CoStar’s Chief Executive Officer by telephone to present the Board-authorized counterproposal.

Following Mr. Martell’s conversation with CoStar’s Chief Executive Officer, later on January 23, 2021, representatives of Skadden sent to CoStar’s legal counsel a further issues list identifying the following key issues on which CoreLogic requested improvement from CoStar as part of the Board-authorized counterproposal: CoreLogic proposed (i) an all-stock transaction at a fixed exchange ratio of 0.0950x that implied a value of approximately $85.00 per share based CoStar’s 30 day VWAP as of January 21, 2021; (ii) that CoStar agree to accept remedies that would not have a material adverse effect on the combined company in order to obtain required regulatory approvals and agree not to acquire businesses or take other actions that would delay or increase (other than immaterially) the risk of obtaining regulatory approvals (other than a specific agreed CoStar acquisition target); (iii) an outside date of nine months, plus a 90-day extension at either party’s option (with an ability to further extend upon mutual agreement of the parties); (iv) to accept the 3.5% fiduciary termination fee and a suspension of dividends between signing and closing, subject to agreement on the proposed exchange ratio, and to an expense reimbursement up to $10 million if CoreLogic’s stockholders voted against approval of the transaction; and (v) certain restrictions on employee retention efforts prior to the closing.

On January 25, 2021, representatives of Skadden sent to CoStar’s legal counsel a revised draft of the merger agreement reflecting CoreLogic’s most recent proposals and discussed the proposed revisions via teleconference that day. Also on January 25, 2021, representatives of CoreLogic, CoStar and their respective legal counsel met via video call and discussed employee retention matters.

Later on January 25, 2021, Mr. Martell spoke with CoStar’s Chief Executive Officer by telephone regarding the issues on which CoreLogic requested improvement from CoStar as part of the Board-authorized counterproposal. CoStar and its advisors indicated, through these conversations with CoreLogic and its advisors, that it was unwilling to meaningfully improve its proposed terms with respect to the issues identified by Mr. Martell and Skadden.

On January 26, 2021, Party A1 had a call with representatives of Evercore regarding the status of their proposal, indicating a willingness to improve certain terms of their proposal if requested by the Board.

Later on January 26, 2021, the Board held a meeting, with representatives of Evercore and Skadden present. Mr. Martell and the representatives of Skadden discussed with the Board the status of discussions with CoStar, including with respect to the proposed exchange ratio, regulatory matters, and interim operating covenants. The Board discussed the potential regulatory and timing risks of a combination with CoStar, including the risk that (i) such a combination could be prohibited in the course of its review by regulatory authorities, (ii) regulatory approval might be conditioned upon remedies that CoStar would not be obligated to accept and (iii) consummation of a combination could be delayed significantly while regulatory approval was pending. The Board also noted that CoStar had not shown flexibility with respect to the remedies it would be willing to accept in order to obtain regulatory approval and its insistence on an outside date providing for the possibility of an extended period between signing and closing. Representatives of Evercore also provided an update on its discussions with Party A1. The Board instructed management and CoreLogic’s advisors, in light of the status of discussions with CoStar, to continue engagement with Stone Point and Party A1 with respect to their proposals.

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Later on January 26, 2021, at the direction of the Board, representatives of Evercore held telephone calls with each of Stone Point and Party A1, and informed them that each of their proposals remained under active consideration by the Board and that both parties could still be a potential counterparty for a strategic transaction.

Also on January 26, 2021, a representative of CoStar’s legal counsel proposed on a teleconference with representatives of Skadden a regulatory reverse termination fee of $50 million, to be paid by CoStar in the event that antitrust approval for the transaction was not obtained, though CoStar’s legal counsel did not propose any change in the level of efforts that CoStar would undertake or remedies it would be required to accept in order to obtain required regulatory approvals.

Later on January 26, 2021, CoStar’s legal counsel sent to representatives of Skadden a revised draft of the merger agreement. The revised merger agreement did not change CoStar’s prior position with respect to regulatory efforts and proposed an outside date of nine months, plus a 90-day extension at either party’s option and an additional six-month extension if mutually agreed by the parties. The revised merger agreement also called for a regulatory reverse termination fee, with the amount not identified, to be paid by CoStar in the event that regulatory approval for the transaction was not obtained. CoStar also proposed that, notwithstanding the all-stock consideration being offered, the Board would not be permitted to take into account events affecting CoStar between signing and closing in determining whether to change the Board’s recommendation in favor of the transaction, even if required to do so by its fiduciary duties.

Also on January 26, 2021, Mr. Martell discussed by telephone certain open points with CoStar’s Chief Executive Officer, including the exchange ratio for the all-stock consideration, scope of regulatory efforts in the merger agreement and certain restrictions on interim operations.

On January 27, 2021, representatives of Evercore held a call with representatives of Stone Point regarding Stone Point’s desire to contact further equity financing sources, including Insight Partners, regarding a potential transaction with CoreLogic. On this call Stone Point reiterated that its team was working hard to assemble equity financing sources and remained very interested in a transaction with CoreLogic.

Later on January 27, 2021, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed developments since its meeting the prior day. The Board discussed with its advisors the regulatory risk posed by a combination with CoStar, the parties’ positions on the regulatory efforts covenant and regulatory reverse termination fee, the regulatory environment and the impact on CoreLogic’s business of a lengthy period between signing and closing of a transaction, as well as Stone Point’s desire to contact additional equity financing sources regarding a potential transaction with CoreLogic. The Board instructed its representatives to continue to attempt to negotiate acceptable terms with CoStar and for its representatives to inform Stone Point that Stone Point could reach out to certain additional equity financing sources (including Insight Partners) in order to facilitate Stone Point’s proposal on an accelerated timeline. The Board also extended the deadline for CoreLogic’s stockholders to nominate directors for election to the Board and propose other business for consideration at CoreLogic’s 2021 annual meeting of stockholders from January 28, 2021 to February 12, 2021.

Also on January 27, 2021, representatives of CoStar’s legal counsel spoke with representatives of Skadden by telephone regarding the Board’s determination earlier that day to extend the deadline for stockholders to nominate directors for election to the Board and propose other business for consideration at CoreLogic’s 2021 annual meeting of stockholders.

Later on January 27, 2021, Party A1 and representatives of Evercore, Skadden and Party A1’s legal counsel held a conference call to discuss Party A1’s PIPE proposal.

Also on January 27, 2021, representatives of Skadden sent a revised draft of the merger agreement to CoStar’s legal counsel. This draft of the merger agreement reflected a fixed exchange ratio of 0.0950x consistent

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with the Board-authorized counterproposal sent to CoStar and its advisors on January 23, 2021. CoreLogic’s revised draft again proposed a stronger antitrust efforts covenant, an outside date of nine months from signing, plus a 90-day extension at either party’s option and an additional six-month extension if mutually agreed by the parties and a regulatory reverse termination fee equal to 7% of the equity value of the transaction (approximately $450 million based on CoreLogic’s proposed exchange ratio). Representatives of Skadden followed up later that day offering a conference call to discuss the revised draft. CoreLogic’s revised draft merger agreement also permitted the Board to take into account events affecting CoStar between signing and closing in determining whether to change its recommendation in favor of the transaction, if required to do so by its fiduciary duties.

On January 28, 2021, CoreLogic held a management presentation with Stone Point.

Later on January 28, 2021, representatives of Skadden discussed the most recent draft of the merger agreement with CoStar’s legal counsel via teleconference.

On January 29, 2021, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed the latest terms proposed by CoStar and the status of CoreLogic’s discussions with each of Stone Point, CoStar and Party A1. The Board also declared a quarterly cash dividend to CoreLogic’s common stockholders pursuant to which CoreLogic will pay a cash dividend of $0.33 per share of common stock on March 15, 2021 to stockholders of record on the close of business March 1, 2021.

Later on January 29, 2021, representatives of Skadden and representatives of Stone Point’s legal counsel, Kirkland & Ellis LLP (“Kirkland”), held a conference call to discuss the Merger Agreement.

Also on January 29, 2021, Party A1 spoke by telephone with representatives of Evercore, requesting further management meetings.

Also on January 29, 2021, representatives of CoStar’s legal counsel sent to representatives of Skadden a revised draft of the merger agreement. This merger agreement reflected an all-stock transaction at a fixed exchange ratio of 0.0917x that implied a value of approximately $82.53 per share based on CoStar’s 30-day VWAP as of January 29, 2021. In addition, CoStar continued to provide that CoStar would have no obligation to accept any structural, behavioral or other remedies to obtain regulatory approval for the transaction, except that it would accept a requirement to license or provide access to CoreLogic’s data and assets for up to two years following closing. CoStar proposed a regulatory reverse termination fee of $150 million. CoStar’s revised draft of the merger agreement also proposed an outside date of nine months from signing, plus a 90-day extension at either party’s option and an additional six-month extension in CoStar’s sole discretion. CoStar’s revised draft of the merger agreement also continued to propose that the Board would not be permitted to take into account events affecting CoStar between signing and closing in determining whether to change the Board’s recommendation in favor of the transaction, even if required to do so by its fiduciary duties. CoStar’s proposed merger agreement continued to include restrictions on employee retention efforts prior to the closing.

On January 30, 2021, representatives of Party A1 spoke by telephone with representatives of Evercore, indicating that Party A1 was also now considering an acquisition of all of the equity securities of CoreLogic (in addition to its prior PIPE proposal).

On January 31, 2021, representatives of CoStar’s financial advisor sent an e-mail to Evercore inquiring as to the status of transaction documents and, later that day, representatives of CoStar’s financial advisor and representatives of Evercore held a conference call to discuss process timing and key open issues, including (i) the exchange ratio proposed in the revised draft of the merger agreement received on January 29, 2021, (ii) the form of consideration and the Board’s preference for cash consideration or other mechanisms to increase certainty of value at closing and (iii) CoStar’s antitrust efforts and related provisions, interim operating covenants and selected employee retention proposals reflected in the draft merger agreement received on January 29, 2021.

On February 1, 2021, CoreLogic management hosted an additional meeting with Party A1.

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Later on February 1, 2021, Mr. Martell and additional members of CoreLogic’s executive team met with representatives of Party A1, with a representative of Skadden present, to discuss CoreLogic’s prospects.

Later on February 1, 2021, representatives of Skadden sent a revised draft of the merger agreement to CoStar’s legal counsel. This draft generally reflected CoreLogic’s positions in its January 27, 2021 draft, other than that an extension of the outside date from 12 months to 18 months after the signing would require the parties’ mutual agreement and certain compromises with respect to interim operating restrictions.

Also on February 1, 2021, Mr. Martell spoke with Stone Point, with representatives of Evercore present, regarding Stone Point’s enthusiasm for the transaction and progress on raising equity financing from additional co-investors.

Later on February 1, 2021, CoStar’s Chief Executive Officer sent to Mr. Martell a revised proposal letter and transaction documents, including a revised merger agreement. CoStar stated in its proposal letter that this revised proposal was its “best and final offer” and that such proposal remained “valid until 5pm Pacific Time on Tuesday, February 2 after which time it shall be deemed withdrawn unless we have mutually agreed to an extension.” CoStar proposed an all-stock transaction at a fixed exchange ratio of 0.0933x, which CoStar stated in its proposal letter implied a value of approximately $86.30 per share based on CoStar’s closing price on February 1, 2021; the proposed fixed exchange ratio of 0.0933x implied a value of approximately $84.09 per share based on CoStar’s 30-day VWAP as of February 1, 2021. CoStar’s revised draft of the merger agreement continued to provide that CoStar would have no obligation to accept any structural, behavioral or other remedies to obtain regulatory approval for the transaction, except that it would accept a requirement to license or provide access to CoreLogic’s data and assets for up to two years following closing. CoStar proposed a regulatory reverse termination fee of $300 million. CoStar’s revised draft of the merger agreement also proposed an outside date of nine months from signing, plus a 90-day extension at either party’s option and an additional six-month extension in CoStar’s sole discretion. CoStar’s revised draft of the merger agreement also continued to propose that the Board would not be permitted to take into account events affecting CoStar between signing and closing in determining whether to change the Board’s recommendation in favor of the transaction, even if required to do so by its fiduciary duties.

Also on February 1, 2021, CoStar’s Chief Executive Officer sent a message to Mr. Martell reiterating that the revised proposal sent that day was CoStar’s “best and final offer,” noting that the parties would need to move on if a transaction could not be agreed to.

Also on February 1, 2021, representatives of Kirkland sent to representatives of Skadden a revised draft of the merger agreement. This draft merger agreement proposed a marketing period of 20 business days following satisfaction of all closing conditions during which the closing could not occur in order to permit Stone Point to market its proposed debt financing for the transaction. Stone Point’s mark-up proposed a fiduciary termination fee of 2.75% of the equity value of the transaction and a reverse termination fee, of 5.5% of the equity value of the transaction.

On February 2, 2021, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed the status of negotiations with each of the bidders. The directors discussed among themselves and with CoreLogic’s advisors various considerations in comparing proposals from each of the bidders, including with respect to value, form of consideration, regulatory risk and other key terms. In particular, the Board discussed the regulatory-related terms proposed by CoStar, the potential risks that regulatory authorities would propose a remedy in order to approve a combination with CoStar, the scope of such a remedy, the timing of such a process and the risk that CoStar would not take the actions necessary to obtain regulatory approval. At the conclusion of the meeting, the Board authorized Evercore to speak with Stone Point, Insight Partners and Party A1 to encourage each to provide updated proposals by February 3, 2021.

Following the Board meeting, on February 2, 2021, at the direction of the Board, representatives of Evercore spoke by telephone with each of Stone Point and Insight Partners and Party A1 encouraging them to

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provide proposals that would be in substantially executable form before the end of the following day, and that an improvement in value would be necessary to be competitive with other proposals.

Also on February 2, 2021, Mr. Martell spoke by telephone with CoStar’s Chief Executive Officer. Mr. Martell expressed his appreciation for the constructive improvements in CoStar’s proposal but also noted that the proposal still fell short of the value and contractual terms previously communicated as part of the Board-authorized counterproposal. Mr. Martell further expressed a willingness to have Skadden and CoStar’s legal counsel continue to engage on the open issues to see if mutual agreement could be achieved.

Later on February 2, 2021, CoreLogic held a management presentation with Stone Point, Insight Partners and other members of their group.

Also on February 2, 2021, representatives of Skadden sent a revised draft of the merger agreement to CoStar’s legal counsel. The revised draft of the merger agreement did not include an exchange ratio. The revised draft of the merger agreement proposed that the Board would be permitted to take into account events affecting CoStar between signing and closing in determining whether to change the Board’s recommendation in favor of the transaction. It also proposed an outside date of nine months from signing, plus a 90-day extension at either party’s option, with no further extensions, as well as additional compromises with respect to interim operating restrictions. Later that day, representatives of Skadden and CoStar’s legal counsel discussed the revised draft on a teleconference call.

Also on February 2, 2021, representatives of Skadden sent a revised draft of the merger agreement to Kirkland.

Also on February 3, 2021, CoreLogic held a management presentation for additional co-investors in the Stone Point and Insight Partners group.

Also on February 3, 2021, representatives of CoStar’s legal counsel sent to representatives of Skadden purported “execution” versions of the merger agreement. These generally reverted to CoStar’s prior positions, except that CoStar proposed that the regulatory reverse termination fee would be $215 million if the outside date was not extended beyond 12 months and $300 million if the outside date was extended beyond 12 months to 18 months.

Also on February 3, 2021, Mr. Martell spoke to representatives of Stone Point, with representatives of Evercore present, during which representatives of Stone Point expressed its intention to submit a complete and executable definitive proposal later that afternoon and provided an update in its level of conviction regarding its equity and debt financing. Representatives of Evercore also encouraged Stone Point to have Kirkland engage with Skadden throughout the day to advance the definitive documentation to as close to final form as possible.

Also on February 3, 2021, in the late afternoon, representatives of Stone Point spoke by telephone with representatives of Evercore, indicating that the third member of its group with Insight Partners had determined not to proceed with a transaction with CoreLogic, but that Stone Point was confident it and Insight Partners would still provide a fully-financed proposal that day and that this “best and final offer” proposal would be at an improved valuation of $80 per share.

Later on February 3, 2021, Stone Point and Insight Partners submitted to CoreLogic a proposal letter proposing an acquisition of CoreLogic at a price of $80.00 per share in cash, conditioned on acceptance of the offer and execution of the merger agreement that day. This letter stated the belief of Stone Point and Insight Partners that the parties could finalize transaction documentation for execution that night. Later that evening, representatives of Stone Point and Insight Partners submitted to CoreLogic a debt commitment letter from J. P. Morgan Securities LLC.

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Also on February 3, 2021, representatives of Evercore reached out to representatives of CoStar’s financial advisor and later spoke by telephone, during which call CoStar’s financial advisor confirmed that CoStar’s latest proposal received earlier on February 3, 2021 was CoStar’s “best and final” offer.

Also on February 3, 2021, representatives of Party A1 submitted to CoreLogic a proposal letter, together with debt commitment letters from four financial institutions of international reputation, proposing an acquisition of CoreLogic at a price of $78.50 per share in cash. Party A1’s proposal letter indicated the proposal was conditioned on 72 hours of exclusivity to finalize definitive documentation.

Over the course of the day on February 3, 2021, representatives of Skadden, Kirkland and Willkie Farr & Gallagher LLP (“Willkie”), Insight Partners’ legal counsel, exchanged drafts of various documents, including the merger agreement, debt commitment letter, equity commitment letters and limited guarantees. They also discussed various issues on phone calls and via electronic mail, including with respect to a marketing period, the outside date, conditions to closing, remedies in the event of termination of the merger agreement under various circumstances and interim operating restrictions.

In the evening of February 3, 2021, the Board held a meeting, with representatives of Evercore and Skadden present, at which it discussed the status of negotiations with each bidder and the key transaction terms proposed by each bidder. Representatives of Evercore reviewed with the Board financial analyses of CoreLogic and the proposals of Stone Point and Insight Partners, CoStar and Party A1 and discussed the prospects, risks and opportunities of CoreLogic continuing as a standalone company. Representatives of Skadden reviewed legal matters with the Board. The directors discussed with CoreLogic’s advisors, among other things, the terms of each of the proposals, including with respect to value, the risks in the valuation of CoStar stock as compared to cash, the risks and opportunities of obtaining synergies in a combination with CoStar, regulatory risks, the proposed terms of each bidder to address regulatory risk, and the timing and certainty of closing each proposed transaction. The Board came to a consensus that CoStar appeared unwilling to improve on value or deal certainty given CoStar had confirmed its proposal was its “best and final offer” on a call between representatives of Evercore and CoStar’s financial advisor, that Stone Point and Insight Partners would not provide any additional value with respect to a transaction with CoreLogic as they had previously indicated that $80 per share would be their “best and final offer” and that they had indicated in their proposal letter that their proposal would expire imminently and that the proposal received from Stone Point and Insight Partners was superior to those received from CoStar and Party A1, due to, among other things, the certain value offered by the proposed $80 all-cash consideration as well as the regulatory certainty and anticipated timing to complete a transaction with Stone Point and Insight Partners. The Board thereafter directed management and its advisors to progress negotiations with Stone Point and Insight Partners and to meet again in the morning of February 4, 2020 to consider further a potential transaction, and instructed Mr. Martell to inform CoStar that the Board would likely make a decision on February 4, 2021.

In the early morning of February 4, 2021, Mr. Martell sent a message to CoStar’s Chief Executive Officer, noting that the Board had not yet made a decision regarding the revised proposals but was expected to do so during the day on February 4, 2021.

Over the early morning hours of February 4, 2021, representatives of Skadden, Kirkland and Willkie continued to exchange drafts of various transaction documents and discussed various issues.

The Board held a meeting on the morning of February 4, 2021, with representatives of Evercore and Skadden present. Representatives of Skadden discussed with the Board the outcome of the negotiations with Stone Point and Insight Partners following the Board’s last meeting. Also at this meeting, representatives of Evercore reviewed with the board its financial analysis of the merger consideration and delivered to the Board its opinion to the effect that, as of that date and based upon and subject to the assumptions, limitations, qualifications and conditions described in Evercore’s opinion, the merger consideration of $80.00 per share to be received by the holders of shares of CoreLogic Common Stock in the merger was fair, from a financial point of view, to such holders. After considering various factors, including those described in this proxy statement, and after consultation with CoreLogic’s independent legal and financial advisors, the Board unanimously (i) approved the Merger Agreement and the transactions contemplated by the Merger Agreement, including the

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Merger, (ii) determined that the Merger Agreement, the Merger and the other transactions contemplated by the Merger Agreement are advisable and in the best interests of CoreLogic and its stockholders and (iii) resolved to recommend that the stockholders of CoreLogic vote in favor of the approval of the Merger, the Merger Agreement and the transactions contemplated thereby and the adoption of the Merger Agreement. The parties executed the Merger Agreement and related ancillary documents shortly thereafter.

On the morning of February 16, 2021, CoStar sent the Board an unsolicited, non-binding proposal letter proposing to acquire CoreLogic, along with a draft merger agreement (the “CoStar Competing Proposal”) and publicly announced such proposal. CoStar proposed an all-stock transaction at a fixed exchange ratio of 0.1019x, which CoStar stated in its proposal letter implied a value of approximately $95.76 per share based on CoStar’s closing price on February 12, 2021 and approximately $92.00 per share based on CoStar’s 30-day VWAP as of February 12, 2021. CoStar’s draft of the merger agreement continued to provide that CoStar would have no obligation to accept any structural, behavioral or other remedies to obtain regulatory approval for the transaction, except that it would accept a requirement to license or provide access to CoreLogic’s data and assets for up to two years following closing. CoStar proposed a regulatory reverse termination fee of $330 million. CoStar’s draft of the merger agreement also proposed an outside date of nine months from signing, plus a 90-day extension at either party’s option and an additional six-month extension if CoStar and CoreLogic mutually agree to such extension. CoStar’s draft of the merger agreement also continued to propose that the Board would not be permitted to take into account events affecting CoStar between signing and closing in determining whether to change the Board’s recommendation in favor of the transaction, even if required to do so by its fiduciary duties. CoStar’s draft of the merger agreement also proposed that CoreLogic waive restrictions in CoreLogic’s confidentiality agreements to enable CoStar to conduct discussions with third party purchasers and that CoreLogic would bear the cost of the $165 million termination fee that would be due to Stone Point and Insight Partners under the Merger Agreement if CoreLogic were to terminate the Merger Agreement in order to enter into the proposed transaction with CoStar. Also on February 16, 2021, CoreLogic provided Stone Point and Insight Partners notice of receipt of the CoStar Competing Proposal.

On February 17, 2021, the Board held a meeting, with representatives of Evercore and Skadden present, at which it reviewed and discussed the CoStar Competing Proposal, the potential benefits and risks of such a transaction and the non-solicit and related obligations of CoreLogic under the Merger Agreement in reviewing and evaluating the CoStar Competing Proposal.

On February 21, 2021, the Board held a meeting, with representatives of Evercore and Skadden present, at which it reviewed and discussed the terms of the CoStar Competing Proposal and the Merger Agreement. The Board discussed the terms proposed by CoStar, continued issues with the CoStar Competing Proposal and potential responses and revisions to the CoStar Competing Proposal, including in light of the Merger Agreement. The Board determined, after consultation with Skadden and Evercore, that the CoStar Competing Proposal would reasonably be expected to result in a Superior Proposal (as defined in the Merger Agreement). CoreLogic provided prompt notice of such determination to Stone Point and Insight Partners and CoreLogic’s intent to engage in discussions with CoStar regarding the CoStar Competing Proposal. The Board directed management and CoreLogic’s advisors to prepare a response to CoStar stating that while the Board continued to believe that the introduction of a cash component as part of the proposed consideration would strengthen the CoStar Competing Proposal, under the circumstances as of February 21, 2021, the Board was prepared to pursue an all-stock transaction at that time and proposing four (4) key revisions to the terms proposed by CoStar: (i) that CoStar would agree to remedies to obtain regulatory approval for the transaction so long as such remedies would not have a material adverse effect on the combined company, (ii) that CoreLogic would not waive confidentiality restrictions prior to closing so that CoStar could “shop” CoreLogic’s assets to third party purchasers, (iii) that CoStar would fund the $165 million termination fee payable upon termination of the Merger Agreement subject to reimbursement by CoreLogic if an agreement with Costar terminated under certain circumstances and (iv) that the Board be permitted to take into account events affecting CoStar between signing and closing in determining whether to change its recommendation, if required to do so by its fiduciary duties.

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Later on February 21, 2021, representatives of Skadden spoke with representatives of CoStar’s counsel to discuss CoreLogic’s position at that time and the four revisions to the CoStar Competing Proposal that would position the CoStar Competing Proposal for consideration as a Superior Proposal by the Board, noting that CoStar’s Competing Proposal would be strengthened by the introduction of a cash component as part of the consideration. During the discussion, CoStar’s counsel did not propose or offer any amendments or modifications to the CoStar Competing Proposal. Following the call, representatives of Skadden sent to representatives of CoStar’s counsel (i) a letter from CoreLogic to CoStar outlining CoreLogic’s revisions and (ii) a mark-up of the draft merger agreement reflecting such revisions.

On February 22, 2021, representatives of CoStar’s financial advisor spoke with representatives of Evercore, and on February 24, 2021, representatives of CoStar’s counsel spoke with representatives of Skadden, in each case regarding the documents that representatives of Skadden had sent to representatives of CoStar’s counsel on February 21, 2021. The representatives of CoStar’s financial advisor and counsel asked clarifying questions but did not provide any amendments or modification to the CoStar Competing Proposal, and as of the filing of this proxy statement, CoStar has not proposed an amendment or modification to the CoStar Competing Proposal in response to CoreLogic’s February 21, 2021 proposed revisions.

On February 23, 2021, CoStar announced its earnings for the year and quarter ended December 31, 2020 and, on its related earnings conference call, described the CoStar Competing Proposal and CoStar’s views with respect to a combination with CoreLogic. From February 12, 2021, the last trading day prior to the public announcement of the CoStar Competing Proposal, through February 26, 2021, the last trading day prior to the filing of this proxy statement, CoStar’s closing stock price declined from $939.76 to $823.76. Based on CoStar’s closing stock price on February 26, 2021 of $823.76  per share, the fixed exchange ratio of 0.1019x in the CoStar Competing Proposal implies a $83.94 value as of such date.

Recommendation of the Board and Reasons for the Merger

Recommendation of the Board to Adopt the Merger Agreement, Thereby Approving the Merger, the Merger Agreement and the Transactions Contemplated by the Merger Agreement

On February 4, 2021, the Board, after considering various factors, including those described in this section below, and after consultation with CoreLogic’s independent legal and financial advisors, unanimously (i) approved the Merger Agreement and the transactions contemplated by the Merger Agreement, including the Merger, (ii) determined that the Merger Agreement, the Merger and the other transactions contemplated by the Merger Agreement are advisable and in the best interests of CoreLogic and its stockholders and (iii) resolved to recommend that the stockholders of CoreLogic vote in favor of the approval of the Merger, the Merger Agreement and the transactions contemplated thereby and the adoption of the Merger Agreement.

The Board unanimously recommends that you vote (i) “FOR” the proposal to adopt the Merger Agreement, thereby approving the Merger, the merger agreement and the transactions contemplated thereby and (ii) “FOR” the proposal to approve, by non-binding, advisory vote, compensation that will or may be payable by CoreLogic to its named executive officers in connection with the Merger and contemplated by the Merger Agreement.

Reasons for the Merger

In recommending that CoreLogic’s stockholders vote in favor of the Merger proposal, the Board, including its independent directors, considered a number of potentially positive factors, including, but not limited to, the following (which factors are not necessarily presented in order of relative importance):

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The Board also considered and balanced against the potentially positive factors a number of uncertainties, risks and other potentially negative factors in its deliberations concerning the Merger and the other transactions contemplated by the Merger Agreement, including, but not limited to, the following (which factors are not necessarily presented in order of relative importance):

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After taking into account all of the factors set forth above, as well as others, the Board concluded that the risks, uncertainties, restrictions and potentially negative factors associated with the Merger were outweighed by the potential benefits of, and potentially positive factors associated with, the Merger to CoreLogic’s stockholders.

The foregoing discussion of factors considered by the Board is not intended to be exhaustive, but summarizes the material factors considered by the Board. In light of the variety of factors considered in connection with their evaluation of the Merger Agreement and the Merger, the Board did not find it practicable to, and did not, quantify or otherwise assign relative weights to the specific factors considered in reaching their determinations and recommendations. Moreover, each member of the Board applied his or her own personal business judgment to the process and may have given different weight to different factors. The Board did not undertake to make any specific determination as to whether any factor, or any particular aspect of any factor, supported or did not support its ultimate determinations. The Board based its recommendations on the totality of the information presented, including thorough discussions with, and questioning of, CoreLogic’s senior management and the Board’s independent legal and financial advisors. This explanation of the reasoning of the Board and certain information presented in this section is forward-looking in nature and should be read in light

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of the factors set forth in the section entitled “Cautionary Statement Regarding Forward-Looking Statements” beginning on page [●] of this Proxy Statement.

Opinion of CoreLogic’s Financial Advisor

The Company retained Evercore to act as its financial advisor in connection with the Board’s evaluation of strategic and financial alternatives, including the Merger. As part of this engagement, the Company requested that Evercore evaluate the fairness, from a financial point of view, of the Merger Consideration to be received by the holders of CoreLogic Common Stock. At a meeting of the Board held on February 4, 2021, Evercore rendered to the Board its opinion to the effect that, as of February 4, 2021 and based upon and subject to the assumptions, limitations, qualifications and conditions described in Evercore’s opinion, the Merger Consideration of $80.00 per share to be received by the holders of CoreLogic Common Stock in the Merger was fair, from a financial point of view, to such holders.

The full text of the written opinion of Evercore, dated as of February 4, 2021, which sets forth, among other things, the procedures followed, assumptions made, matters considered and qualifications and limitations on the scope of review undertaken in rendering its opinion, is attached as Annex B to this Proxy Statement and is incorporated herein by reference. The Company encourages you to read this opinion carefully and in its entirety. Evercore’s opinion was addressed to, and provided for the information and benefit of, the Board (in its capacity as such) in connection with its evaluation of the proposed Merger. The opinion does not constitute a recommendation to the Board or to any other persons in respect of the Merger, including as to how any holder of shares of CoreLogic Common Stock should vote or act in respect of the Merger. Evercore’s opinion does not address the relative merits of the Merger as compared to other business or financial strategies, or business combination transactions, that might be available to the Company, nor does it address the underlying business decision of the Company to engage in the Merger.

In connection with rendering its opinion Evercore, among other things:

For purposes of its analysis and opinion, Evercore assumed and relied upon the accuracy and completeness of the financial and other information publicly available, and all of the information supplied or otherwise made available to, discussed with, or reviewed by Evercore, without any independent verification of such information

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(and Evercore did not assume responsibility or liability for any independent verification of such information), and Evercore further relied upon the assurances of the management of the Company that they were not aware of any facts or circumstances that would make such information inaccurate or misleading. With respect to the CoreLogic Projections, Evercore assumed with the Company’s consent that they had been reasonably prepared on bases reflecting the good faith judgments of the management of the Company as to the future financial performance of the Company and the other matters covered thereby. At the direction of the Board, Evercore utilized the CoreLogic Projections for purposes of its opinion, and took into account the impact of mortgage volume fluctuations on the CoreLogic Projections. Evercore expressed no view as to the CoreLogic Projections or the assumptions on which they were based.

For purposes of its analysis and opinion, Evercore assumed, in all respects material to its analysis, that the representations and warranties of each party contained in the Merger Agreement are true and correct, that each party will perform all of the covenants and agreements required to be performed by it under the Merger Agreement and that all conditions to the consummation of the Merger will be satisfied without waiver or modification thereof. Evercore further assumed, in all respects material to its analysis, that all governmental, regulatory or other consents, approvals or releases necessary for the consummation of the Merger will be obtained without any delay, limitation, restriction or condition that would have an adverse effect on the Company or the consummation of the Merger or reduce the contemplated benefits to the holders of CoreLogic Common Stock of the Merger. Furthermore, Evercore expressed no opinion or view as to the future performance of the U.S. mortgage market.

Evercore did not conduct a physical inspection of the properties or facilities of the Company and did not make or assume any responsibility for making any independent valuation or appraisal of the assets or liabilities (including any contingent, derivative or other off-balance sheet assets and liabilities) of the Company, nor was Evercore furnished with any such valuations or appraisals, nor did Evercore evaluate the solvency or fair value of the Company under any state or federal laws relating to bankruptcy, insolvency or similar matters. Evercore’s opinion was necessarily based upon information made available to Evercore as of the date of the opinion and financial, economic, market and other conditions as they existed and as they could be evaluated on the date of the opinion. It is understood that subsequent developments may affect Evercore’s opinion and that Evercore does not have any obligation to update, revise or reaffirm its opinion.

Evercore was not asked to pass upon, and expressed no opinion with respect to, any matter other than the fairness to the holders of CoreLogic Common Stock, from a financial point of view, of the Merger Consideration. Evercore did not express any view on, and Evercore’s opinion did not address, the fairness of the proposed transaction to, or any consideration received in connection therewith by, the holders of any other class of securities, creditors or other constituencies of the Company, nor as to the fairness of the amount or nature of any compensation to be paid or payable to any of the officers, directors or employees of the Company, or any class of such persons, whether relative to the Merger Consideration or otherwise. Evercore was not asked to, nor did Evercore express any view on, and Evercore’s opinion did not address, any other term or aspect of the Merger Agreement or the Merger, including, without limitation, the structure or form of the Merger, or any term or aspect of any other agreement or instrument contemplated by the Merger Agreement or entered into or amended in connection with the Merger Agreement. Evercore did not express any opinion as to the prices at which shares of CoreLogic Common Stock will trade at any time, as to the potential effects of volatility in the credit, financial and stock markets on the Company or the Merger or as to the impact of the Merger on the solvency or viability of the Company or the ability of the Company to pay its obligations when they come due. Evercore is not a legal, regulatory, accounting or tax expert and assumed the accuracy and completeness of assessments by the Company and its advisors with respect to legal, regulatory, accounting and tax matters.

Summary of Evercore’s Financial Analyses

Set forth below is a summary of the material financial analyses reviewed by Evercore with the Board on February 4, 2021 in connection with rendering its opinion. The following summary, however, does not purport to

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be a complete description of the analyses performed by Evercore. The order of the analyses described and the results of these analyses do not represent relative importance or weight given to these analyses by Evercore. Except as otherwise noted, the following quantitative information, to the extent that it is based on market data, is based on market data that existed on or before February 2, 2021, and is not necessarily indicative of current market conditions.

For purposes of its analyses and reviews, Evercore considered general business, economic, market and financial conditions, industry sector performance, and other matters, as they existed and could be evaluated as of the date of its opinion, many of which are beyond the control of the Company. The estimates contained in Evercore’s analyses and reviews, and the ranges of valuations resulting from any particular analysis or review, are not necessarily indicative of actual values or predictive of future results or values, which may be significantly more or less favorable than those suggested by Evercore’s analyses and reviews. In addition, analyses and reviews relating to the value of companies, businesses or securities do not purport to be appraisals or to reflect the prices at which companies, businesses or securities actually may be sold. Accordingly, the estimates used in, and the results derived from, Evercore’s analyses and reviews are inherently subject to substantial uncertainty.

The following summary of Evercore’s financial analyses includes information presented in tabular format. In order to fully understand the analyses, the tables should be read together with the full text of each summary. The tables are not intended to stand alone and alone do not constitute a complete description of Evercore’s financial analyses. Considering the tables below without considering the full narrative description of Evercore’s financial analyses, including the methodologies and assumptions underlying such analyses, could create a misleading or incomplete view of such analyses.

Discounted Cash Flow Analysis

Evercore performed a discounted cash flow analysis of the Company to calculate the estimated present value of the standalone unlevered, after-tax free cash flows that the Company was forecasted to generate during the Company’s fiscal years 2021 through 2024 based on each of Case A and Case B of the CoreLogic Projections prepared by the Company’s management, which assumed different levels of mortgage market performance for fiscal years 2022 through 2024 and which excluded the sale of the Company’s Rental Property Solutions business. Evercore calculated terminal values for the Company by applying perpetuity growth rates of 2.5% to 3.0%, which range was selected based on Evercore’s professional judgment and experience, to a terminal year estimate of the unlevered, after-tax free cash flows that the Company was forecasted to generate based on each of Case A and Case B. The cash flows and terminal values in each case were then discounted to present value as of December 31, 2020 using discount rates ranging from 8.00% to 9.00%, which were based on an estimate of the Company’s weighted average cost of capital, and the mid-year cash flow discounting convention. Based on this range of implied enterprise values, the Company’s estimated net debt (calculated as total debt, plus tax-effected pension liability, less cash and cash equivalents) as of December 31, 2020, and the number of fully diluted shares of CoreLogic Common Stock, in each case as provided by the Company’s management, this analysis indicated a range of implied equity values per share of CoreLogic Common Stock of $74.22 to $100.40, in the case of Case A, and $67.29 to $91.58, in the case of Case B, compared to the Merger Consideration of $80.00 per share of CoreLogic Common Stock.

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Precedent Transactions Analysis

Evercore reviewed publicly available financial information related to the following selected transactions involving target companies in the information and data services industry announced since 2015 (the “Selected Transactions”). The Selected Transactions reviewed by Evercore, and the month and year each was announced, were as follows:

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For each Selected Transaction, Evercore calculated the transaction value (defined as the target company’s implied equity value based on the consideration paid in the applicable transaction plus total debt, plus tax-effected pension liability, plus preferred equity, plus minority interest, less unconsolidated assets, less cash and cash equivalents, as applicable) as a multiple of last twelve-month Adjusted EBITDA (defined as earnings before interest, taxes, depreciation, amortization and, as applicable, stock-based compensation expense and non-recurring items) for the target company at the time of the announcement of the applicable transaction (or in some cases, where last twelve-month financial information was not publicly available, as a multiple of current calendar year or prior calendar year Adjusted EBITDA), which we refer to as “LTM Adjusted EBITDA”. Estimated financial data of the Selected Transactions were based on publicly available information at the time of announcement of the relevant transaction.

This analysis indicated the following:

Based on the multiples it derived from the Selected Transactions and based on its professional judgment and experience, Evercore selected a reference range of transaction value to LTM Adjusted EBITDA multiples of 12.0x to 15.0x and applied this range of multiples to the following Adjusted EBITDA benchmarks, which are based on the financial results for the Company provided by the Company’s management: (i) the Company’s estimated 2020 Adjusted EBITDA, (ii) the average of the Company’s estimated 2020 Adjusted EBITDA, actual 2019 Adjusted EBITDA, actual 2018 Adjusted EBITDA and actual 2017 Adjusted EBITDA, (iii) the average of the Company’s estimated 2021 Adjusted EBITDA, estimated 2020 Adjusted EBITDA, actual 2019 Adjusted EBITDA and actual 2018 Adjusted EBITDA, and (iv) the midpoint of the Company’s 2020 Adjusted EBITDA guidance range released on February 19, 2020 by the Company, less Adjusted EBITDA of the Company’s Rental Product Solutions business based on the forecast of the Company’s management at the time. Based on the resulting ranges of values, the Company’s estimated net debt (calculated as total debt, plus tax-effected pension liability, less cash and cash equivalents) as of December 31, 2020, and the number of fully diluted shares of CoreLogic Common Stock, in each case as provided by the Company’s management, this analysis indicated a range of implied equity values per share of CoreLogic Common Stock as set forth in the table below, as compared to the Merger Consideration of $80.00 per share of CoreLogic Common Stock.

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Although none of the target companies or businesses reviewed in the Selected Transactions analysis is directly comparable to the Company and none of the Selected Transactions is directly comparable to the Merger, Evercore selected these transactions because they involve companies or businesses that Evercore, in its professional judgment and experience, considered generally relevant to the Company for purposes of its financial analyses. In evaluating the Selected Transactions, Evercore made judgments and assumptions with regard to general business, economic and market conditions and other factors existing at the time of the Selected Transactions, and other matters, as well as differences in financial, business and operating characteristics and other factors relevant to the target companies or businesses in the Selected Transactions. Accordingly, an evaluation of the results of this analysis is not entirely mathematical. Rather, this analysis involves complex considerations and judgments regarding many factors that could affect the relative values of the target companies or businesses in the Selected Transactions and the multiples derived from the Selected Transactions. Mathematical analysis, such as determining the mean or median, is not in itself a meaningful method of using the data of the Selected Transactions.

Selected Public Company Trading Analysis

Evercore reviewed and compared certain financial information of the Company to corresponding financial multiples and ratios for the following selected publicly traded companies in (i) the diversified information services industry, (ii) the financial, business and risk information services industry, (iii) the mortgage and real estate industry and (iv) the payments and processing services industry (collectively, the “Selected Companies”):

Diversified Information Services

Financial, Business and Risk Information Services

Mortgage and Real Estate

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Payments and Processing Services

For each of the Selected Companies, Evercore calculated (i) enterprise value (defined as equity market capitalization plus total debt, plus tax-effected pension liability, plus preferred equity, plus minority interest, less unconsolidated assets, less cash and cash equivalents, as applicable) based on closing share prices as of February 2, 2021, as a multiple of estimated Adjusted EBITDA for fiscal year 2021 and (ii) price per share as of February 2, 2021 as a multiple of Adjusted EPS (defined as diluted income from continuing operations, net of tax, adjusted, as applicable, for share-based compensation, amortization of acquisition-related intangibles, non-operating gains/losses, and other adjustments) for fiscal year 2021. Estimated financial data of the Selected Companies were based on publicly available research analysts’ estimates.

This analysis indicated the following:

Based on the multiples it derived for the Selected Companies and based on its professional judgment and experience, Evercore applied an enterprise value / Adjusted EBITDA multiple reference range of 10.0x – 14.0x to the Company’s estimated Adjusted EBITDA for 2021 as set forth in the CoreLogic Projections. Based on this

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range of implied enterprise values, the Company’s estimated net debt (calculated as total debt, plus tax-effected pension liability, less cash and cash equivalents) as of December 31, 2020, and the number of fully diluted shares of CoreLogic Common Stock, in each case as provided by the Company’s management, this analysis indicated a range of implied equity values per share of CoreLogic Common Stock of $71.23 to $108.74, compared to the Merger Consideration of $80.00 per share of CoreLogic Common Stock.

In addition, based on the multiples it derived for the Selected Companies and based on its professional judgment and experience, Evercore applied a price / Adjusted EPS multiple reference range of 14.0x – 20.0x to the Company’s estimated Adjusted EPS for fiscal year 2021 as set forth in the CoreLogic Projections, which takes into account the Company’s previously announced share repurchase plan. This analysis indicated a range of implied equity values per share of CoreLogic Common Stock of $75.36 to $107.65, compared to the Merger Consideration of $80.00 per share of CoreLogic Common Stock.

Although none of the Selected Companies is directly comparable to the Company, Evercore selected these companies because they are publicly traded companies that Evercore, in its professional judgment and experience, considered generally relevant to the Company for purposes of its financial analyses. In evaluating the Selected Companies, Evercore made judgments and assumptions with regard to general business, economic and market conditions affecting the Selected Companies and other matters, as well as differences in the Selected Companies’ financial, business and operating characteristics. Accordingly, an evaluation of the results of this analysis is not entirely mathematical. Rather, this analysis involves complex considerations and judgments regarding many factors that could affect the relative values of the Selected Companies and the multiples derived from the Selected Companies. Mathematical analysis, such as determining the mean or median, is not in itself a meaningful method of using the data of the Selected Companies.

Other Factors

Evercore also noted certain other factors, which were not considered material to its financial analyses with respect to its opinion, but were referenced for informational purposes only, including, among other things, the following:

Premiums Paid Analysis

Using publicly available information, Evercore reviewed all-cash transactions announced since January 1, 2015, excluding transactions in the real estate, energy and financial institutions industries, with total enterprise value over $5 billion involving either a U.S. acquiror or a U.S. target and pursuant to which 100% of the target’s shares are acquired by the acquiror. Using publicly available information, Evercore calculated the premiums paid as the percentage by which the per share consideration paid or proposed to be paid in each such transaction exceeded the closing market prices per share of the target companies one day and four weeks prior to announcement of each transaction.

This analysis indicated the following:

Based on the results of this analysis and its professional judgment and experience, Evercore applied a one day premium range of 22.5% to 53.0% and a four week premium range of 28.5% to 56.5% to (1) the price per share of CoreLogic Common Stock as of June 25, 2020, the last full trading day prior to the public announcement of an unsolicited proposal from Senator and Cannae to acquire the Company for $65.00 per share, and (2) the

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closing price per share of CoreLogic Common Stock as of October 27, 2020, the last full trading day prior to media reports that the Company was engaging with potential bidders for the acquisition of the Company at or above $80.00 per share. This analysis indicated a range of implied equity values per share of CoreLogic Common Stock as set forth in the table below, compared to the Merger Consideration of $80.00 per share of CoreLogic Common Stock.

Equity Research Analyst Price Targets

Evercore reviewed selected public market trading price targets for the shares of CoreLogic Common Stock prepared and published by equity research analysts that were publicly available as of June 25, 2020, the last full trading day prior to the public announcement of an unsolicited proposal from Senator and Cannae to acquire the Company for $65.00 per share, and as of February 2, 2021. These price targets reflect analysts’ estimates of the future public market trading price of the shares of CoreLogic Common Stock at the time the price target was published. The range of selected equity research analyst price targets per share of CoreLogic Common Stock was $27.00 to $57.00 as of June 25, 2020 and $66.00 to $82.00 as of February 2, 2021. Public market trading price targets published by equity research analysts do not necessarily reflect current market trading prices for the shares of CoreLogic Common Stock and these target prices and the analysts’ earnings estimates on which they were based are subject to risk and uncertainties, including factors affecting the financial performance of the Company and future general industry and market conditions.

Last 52-Week Trading Range

Evercore reviewed historical trading prices of shares of CoreLogic Common Stock during (i) the twelve month period ended June 25, 2020, noting that the low and high intraday prices during such period ranged from $24.69 to $57.80 per share of CoreLogic Common Stock, respectively (which range includes the $57.80 price per share to which CoreLogic Common Stock traded after hours on June 25, 2020 following the release of increased second quarter guidance and prior to the announcement of an unsolicited proposal from Senator and Cannae to acquire the Company for $65.00 per share), and (ii) the twelve month period ended October 27, 2020, noting that the low and high intraday prices during such period ranged from $24.69 to $69.87 per share of CoreLogic Common Stock, respectively (which range includes the $68.25 per share closing price of CoreLogic Common Stock on October 27, 2020, the last trading day prior to CoreLogic’s confirmation that it was engaging with potential bidders in a strategic review process with potential bids of over $80.00 per share).

Illustrative Leveraged Buyout Analysis

Evercore performed an illustrative leveraged buyout analysis to determine the range of price per share of CoreLogic Common Stock at which a financial sponsor might effect a leveraged buyout of the Company.

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Evercore conducted its illustrative leveraged buyout analysis based on each of Case A and Case B. For purposes of its analysis, Evercore assumed a required internal rate of return in the range of 18.0% to 22.0%, total leverage ratios in the range of 6.5x to 7.5x to the Company’s estimated 2020 Adjusted EBITDA and exit multiples in the range of 11.0x to 15.0x to the Company’s estimated 2024 Adjusted EBITDA as set forth in the CoreLogic Projections. Evercore selected the internal rates of return, leverage ratios and exit multiples based upon the application of its professional judgment and experience.

This analysis indicated a range of implied equity values per share of CoreLogic Common Stock as set forth in the table below, compared to the Merger Consideration of $80.00 per share of CoreLogic Common Stock.

Miscellaneous

The foregoing summary of Evercore’s financial analyses does not purport to be a complete description of the analyses or data presented by Evercore to the Board. In connection with the review of the Merger by the Board, Evercore performed a variety of financial and comparative analyses for purposes of rendering its opinion. The preparation of a fairness opinion is a complex process and is not necessarily susceptible to partial analysis or summary description. Selecting portions of the analyses or of the summary described above, without considering the analyses as a whole, could create an incomplete view of the processes underlying Evercore’s opinion. In arriving at its fairness determination, Evercore considered the results of all the analyses and did not draw, in isolation, conclusions from or with regard to any one analysis or factor considered by it for purposes of its opinion. Rather, Evercore made its determination as to fairness on the basis of its professional judgment and experience after considering the results of all the analyses. In addition, Evercore may have given various analyses and factors more or less weight than other analyses and factors, and may have deemed various assumptions more or less probable than other assumptions. As a result, the ranges of valuations resulting from any particular analysis or combination of analyses described above should not be taken to be the view of Evercore with respect to the actual value of the shares of CoreLogic Common Stock. Rounding may result in total sums set forth in this section not equaling the total of the figures shown.

Evercore prepared these analyses for the purpose of providing an opinion to the Board as to the fairness, from a financial point of view, of the Merger Consideration to the holders of shares of CoreLogic Common Stock. These analyses do not purport to be appraisals or to necessarily reflect the prices at which the business or securities actually may be sold. Any estimates contained in these analyses are not necessarily indicative of actual future results, which may be significantly more or less favorable than those suggested by such estimates. Accordingly, estimates used in, and the results derived from, Evercore’s analyses are inherently subject to substantial uncertainty, and Evercore assumes no responsibility if future results are materially different from those forecasted in such estimates.

Evercore’s financial advisory services and its opinion were provided for the information and benefit of the Board (in its capacity as such) in connection with its evaluation of the proposed Merger. The issuance of Evercore’s opinion was approved by an Opinion Committee of Evercore.

Evercore did not recommend any specific amount of consideration to the Board or the Company’s management or that any specific amount of consideration constituted the only appropriate consideration in the Merger for the holders of CoreLogic Common Stock.

Pursuant to the terms of Evercore’s engagement letter with the Company, the Company has agreed to pay Evercore a transaction fee equal to approximately $52 million (based upon a percentage of the equity value of the Merger) and an opinion fee of $3 million. The Company previously paid Evercore an advisory fee of $35 million

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in connection with the unsolicited proposal and activism campaign by Senator and Cannae. The advisory fee and opinion fee are both creditable against the transaction fee; the remainder of the transaction fee is payable upon consummation of the Merger. The Company has also agreed to reimburse Evercore for its expenses and to indemnify Evercore against certain liabilities arising out of its engagement.

During the two year period prior to the date of its opinion, Evercore and its affiliates have provided financial advisory services to the Company and Evercore has received fees for the rendering of these services, including advisory services in connection with the unsolicited proposal and activism campaign by Senator and Cannae. In addition, during the two year period prior to the date of its opinion, Evercore and its affiliates have provided financial advisory services to affiliates of Parent, including Insight Partners and certain of its portfolio companies, none of which are related to the Merger or involve the Company, and received fees of approximately $17 million for the rendering of these services. Evercore may provide financial advisory or other services to the Company and Parent in the future, and in connection with any such services Evercore may receive compensation.

Evercore and its affiliates engage in a wide range of activities for its and their own accounts and the accounts of customers, including corporate finance, mergers and acquisitions, equity sales, trading and research, private equity, placement agent, asset management and related activities. In connection with these businesses or otherwise, Evercore and its affiliates and/or its or their respective employees, as well as investment funds in which any of them may have a financial interest, may at any time, directly or indirectly, hold long or short positions and may trade or otherwise effect transactions for their own accounts or the accounts of customers, in debt or equity securities, senior loans and/or derivative products or other financial instruments of or relating to the Company, Parent, potential parties to the Merger and for any of their respective affiliates or persons that are competitors, customers or suppliers of the Company or Parent.

The Company engaged Evercore to act as a financial advisor based on Evercore’s qualifications, experience and reputation. Evercore is an internationally recognized investment banking firm and regularly provides fairness opinions to its clients in connection with mergers and acquisitions, leveraged buyouts and valuations for corporate and other purposes.

Projections Prepared by CoreLogic’s Management

In connection with CoreLogic’s review of strategic alternatives, CoreLogic’s management prepared unaudited forecasted financial information of CoreLogic for fiscal year 2020 through fiscal year 2024 (the “CoreLogic Projections”), which were used by the Board in connection with its review of strategic alternatives. The CoreLogic Projections were also used by Evercore for purposes of preparing its financial analyses and fairness opinion provided to the Board on February 4, 2021 in connection with its consideration of the transactions contemplated by the Merger, as described in the section entitled “The Merger—Opinion of CoreLogic’s Financial Advisor” beginning on page [●] of this Proxy Statement. In addition, the CoreLogic Projections were made available to potential counterparties to a strategic transaction, including Stone Point and Insight Partners, in connection with their due diligence review of a potential transaction. The CoreLogic Projections were prepared in December 2020, treating CoreLogic on a stand-alone basis without giving effect to, and as if CoreLogic never contemplated, the Merger, including the impact of negotiating or executing the Merger Agreement, the expenses that may be incurred in connection with consummating the Merger, the effect of any business or strategic decision or action that has been or will be taken as a result of the Merger Agreement having been executed or the effect of any business or strategic decisions or actions which would likely have been taken if the Merger Agreement had not been executed but which were instead altered, accelerated, postponed or not taken in anticipation of the Merger.

The CoreLogic Projections were not prepared with a view toward public disclosure and the summary thereof is included in this Proxy Statement only because such information was made available to the Board in connection with its review of strategic alternatives, to potential counterparties to a strategic transaction, including Stone Point and Insight Partners, in connection with their due diligence review of a potential transaction, and to Evercore for purposes of preparing its financial analyses and fairness opinion provided to the Board on

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February 4, 2021 in connection with its consideration of the transactions contemplated by the Merger, as described in the section entitled “The Merger—Opinion of CoreLogic’s Financial Advisor” beginning on page [●] of this Proxy Statement. The summary of the CoreLogic Projections is not being included in this Proxy Statement to influence your decision whether to vote for the proposal to adopt the Merger Agreement. The CoreLogic Projections were not prepared with a view toward compliance with the published guidelines established by the SEC or the American Institute of Certified Public Accountants for preparation or presentation of prospective financial information, or GAAP (and the CoreLogic Projections do not include footnote disclosures as may be required by GAAP). Neither PricewaterhouseCoopers LLP, CoreLogic’s independent registered public accounting firm (“PwC”), nor any other audit firm has audited, reviewed, examined, compiled nor applied agreed-upon procedures with respect to the CoreLogic Projections and, accordingly, PwC has not expressed an opinion or any other form of assurance with respect thereto. The PwC report included in CoreLogic’s Annual Report on Form 10-K for the year ended December 31, 2020, which is incorporated by reference into this Proxy Statement, relates to CoreLogic’s historical financial information and does not extend to the CoreLogic Projections and should not be read to do so

The CoreLogic Projections are subject to estimates and assumptions in many respects and, as a result, subject to interpretation. While presented with numerical specificity, the CoreLogic Projections are based upon a variety of estimates and assumptions that are inherently uncertain, though considered reasonable by CoreLogic management as of the date of their preparation. These estimates and assumptions may prove to be inaccurate for any number of reasons, including general economic conditions, competition and the risks discussed in this Proxy Statement under the section entitled “Cautionary Statement Regarding Forward-Looking Statements” beginning on page [●] of this Proxy Statement. The CoreLogic Projections also reflect assumptions as to certain business decisions that are subject to change. There can be no assurance that the projections contained in the CoreLogic Projections will be realized, and actual results may differ materially from those shown therein. Generally, the further out the period to which CoreLogic Projections relate, the more unreliable the information becomes.

The information in the CoreLogic Projections is not factual and should not be relied upon as being necessarily indicative of future results, and CoreLogic’s stockholders are cautioned not to place undue reliance on the CoreLogic Projections. The CoreLogic Projections should be evaluated, if at all, in conjunction with the historical financial statements and other information regarding CoreLogic contained in CoreLogic’s public filings with the SEC.

This Proxy Statement contains certain non-GAAP financial measures, such as Adjusted EBITDA (which means earnings before interest, taxes, depreciation, amortization and, as applicable, stock-based compensation expense and non-recurring items) and Unlevered Free Cash Flow (or “Unlevered FCF,” which means Adjusted EBITDA less capitalized expenditures, plus increases in tax business unit deferred revenue, less other significant changes in working capital items, less strategic efficiency investments, less strategic process costs). CoreLogic believes that its presentation of these non-GAAP measures provides useful supplemental information to investors and management regarding CoreLogic’s financial condition and results of operations. Other firms may calculate non-GAAP measures differently than CoreLogic, which limits comparability between companies. Non-GAAP measures are not in accordance with, or a substitute for, GAAP.

None of CoreLogic, Evercore or their respective affiliates, advisors, officers, directors or other representatives can provide any assurance that actual results will not differ from the CoreLogic Projections, and none of them undertakes any obligation to update, or otherwise revise or reconcile, the CoreLogic Projections to reflect circumstances existing after the date the CoreLogic Projections were generated or to reflect the occurrence of future events even in the event that any or all of the assumptions underlying the CoreLogic Projections, as applicable, are shown to be in error. Since the date of the CoreLogic Projections, CoreLogic has made publicly available its actual results of operations for the fiscal year ended December 31, 2020 and has filed a Current Report on Form 8-K on March 1, 2021. You should review CoreLogic’s Annual Report on Form 10-K filed with the SEC on March 1, 2021 for this information. CoreLogic does not intend to make publicly available any update or other revision to the CoreLogic Projections, even in the event that any or all assumptions are shown to be in error. None of CoreLogic, Evercore or their respective affiliates, advisors, officers, directors or other

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representatives has made or makes any representation to any CoreLogic stockholder or any other person (including Stone Point and Insight Partners, in the Merger Agreement or otherwise) regarding the CoreLogic Projections, CoreLogic’s ultimate performance compared to the information contained in the CoreLogic Projections or that forecasted results will be achieved.

Two sets of financial projections, which are referred to in this section as “Case A” and “Case B,” respectively, were prepared by CoreLogic management and included in the CoreLogic Projections. The only difference between Case A and Case B relates to CoreLogic management’s assumption on mortgage market performance in 2022 through 2024; namely, Case A reflects a 5% decline, 5% decline and 0% change in the U.S. mortgage market in 2022, 2023 and 2024, respectively, while Case B reflects a 7.5% decline, 5% decline and 5% decline in the U.S. mortgage market in 2022, 2023 and 2024, respectively. Certain other key material assumptions underlying the CoreLogic Projections include the following:

The following table presents a summary of the CoreLogic Projections:

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Interests of the Directors and Executive Officers of CoreLogic in the Merger

In considering the recommendation of the Board that holders of CoreLogic Common Stock vote to adopt the Merger Agreement, our stockholders should be aware that certain of CoreLogic’s non-employee directors and executive officers have interests in the Merger that are different from, or in addition to, those of CoreLogic’s stockholders generally. The Board was aware of and considered these interests, among other matters, in approving the Merger Agreement and the Merger, and in recommending that the Merger Agreement be adopted by CoreLogic stockholders.

Certain Assumptions

Except as otherwise specifically noted, for purposes of quantifying the potential payments and benefits described in this section, the following assumptions were used:

As the amounts provided below are estimates based on multiple assumptions that may or may not actually occur or be accurate as of the date referenced, the actual amounts, if any, that may be paid or become payable may materially differ from the amounts set forth below.

Treatment and Quantification of CoreLogic Equity Awards

Treatment of Company Options

Each Company Option, whether or not vested, that is outstanding immediately prior to the Effective Time will automatically and without any required action on the part of the holder thereof, vest (if unvested) and be cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the excess, if any, of (a) the Merger Consideration over (b) the per-share exercise price for such Company Option multiplied by (ii) the total number of shares of CoreLogic Common Stock underlying such Company Option. If the exercise price per share of CoreLogic Common Stock of such Company Option is equal to or greater than the Merger Consideration, such Company Option shall be cancelled without any cash payment or other consideration being made in respect thereof.

Treatment of CoreLogic RSUs

Each Company RSU granted prior to February 4, 2021 will, automatically and without any required action on the part of the holder thereof, vest (if unvested) and be cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the total number of shares of CoreLogic Common Stock underlying such Company RSU (including any shares of CoreLogic Common Stock in respect of dividend equivalent units credited thereon) multiplied by (ii) the Merger Consideration.

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Treatment of CoreLogic PSUs

Each Company PSU granted prior to February 4, 2021 will, automatically and without any required action on the part of the holder thereof, vest (if unvested) and be cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the number of shares of CoreLogic Common Stock underlying such Company PSU (including any shares of CoreLogic Common Stock in respect of dividend equivalent units credited thereon) with performance measured in accordance with the terms of the applicable governing documents (i.e., for those Company PSUs that vest based in part on the attainment of earnings per share metrics, based on the attainment of the applicable performance metrics at the greater of the target or actual level of performance, and for each other Company PSU, based on attainment of the applicable performance metrics at the target level of performance), as determined by the Board or a committee thereof after consultation with Parent prior to the Effective Time multiplied by (ii) the Merger Consideration.

Treatment of CoreLogic Equity Awards Granted After February 4, 2021

Each CoreLogic equity award granted after February 4, 2021 will, immediately prior to the Effective Time, vest on a prorated basis (with Company PSUs vesting at the target level of performance), with such proration equal to a fraction, the numerator of which is the number of months from January 1, 2021 to the Closing Date and the denominator of which is thirty-six, and be treated in accordance with the terms of the Merger Agreement, as described above. The portion of any equity award granted after February 4, 2021 that does not vest on a prorated basis will be forfeited without consideration.

Quantification of CoreLogic Equity Awards

At the Effective Time, each Company Option, Company RSU and Company PSU that is outstanding immediately prior to the Effective Time (determined after giving effect for specified forfeitures of Company RSUs and Company PSUs granted after February 4, 2021) will, automatically and without any required action on the part of the holder thereof, vest (if unvested) and be cancelled and converted into the Merger Consideration in the manner described above. Each Company Option is fully vested as of the date of this Proxy Statement.

See the section entitled “Interests of the Directors and Executive Officers of CoreLogic in the Merger—Golden Parachute Compensation” beginning on page [●] of this Proxy Statement for an estimate of the amounts that would become payable to each CoreLogic named executive officer in respect of his unvested Company RSUs and Company PSUs.

Based on the assumptions described above under “Interests of the Directors and Executive Officers of CoreLogic in the Merger—Certain Assumptions” beginning on page [●] of this Proxy Statement, the estimated aggregate amounts that would become payable to CoreLogic’s 11 non-employee directors in respect of their unvested CoreLogic equity awards (inclusive of dividend equivalent units credited thereon) is $2,845,304. Although Thomas O’Brien, David Chatham and David Walker are considered directors for purposes of this disclosure, Messrs. O’Brien, Chatham and Walker departed the Board on November 17, 2020, and do not hold any unvested Company RSUs and do not otherwise have any interests in the Merger except insofar as they may hold shares of CoreLogic Common Stock.

Change in Control Agreements with CoreLogic Named Executive Officers

CoreLogic has entered into change in control agreements with each of its named executive officers (the “Change in Control Agreements”). The Change in Control Agreements generally provide that if the named executive officer is terminated from employment by CoreLogic without cause or the named executive officer terminates his employment with good reason, in either case, within six (6) months prior to or two (2) years following the Change in Control Date, then the named executive officer will receive:

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The post-termination non-competition covenants applicable to each of the named executive officers in their respective employment agreements with CoreLogic will not apply following a change in control.

The provision of payments and benefits described above is conditioned upon the executive officer’s execution of a release of claims. The Change in Control Agreements further provide that if an executive officer receives any amount that is subject to the “golden parachute” excise tax imposed pursuant to Section 280G and 4999 of the Code, the amount of the payments to be made to the executive officer will be reduced to the extent necessary to avoid imposition of the excise tax, but only if the after-tax amount of the reduced payments exceeds the after-tax amount that the executive officer would receive without any such reduction following imposition of the excise tax and all income and related taxes.

See the section entitled “Interests of the Directors and Executive Officers of CoreLogic in the Merger—Golden Parachute Compensation” beginning on page [●] of this Proxy Statement for an estimate of the amounts that would become payable to each CoreLogic named executive officer under his respective Change in Control Agreement upon a termination of employment without cause or for good reason as of the Change in Control Date.

Nonqualified Deferred Compensation Plans

Mr. Sando participates in CoreLogic’s Executive Supplemental Benefit Plan (the “Executive Supplemental Plan”). The Executive Supplemental Plan provides that all participants, including Mr. Sando, will become fully vested in their plan benefit on a termination of employment following the Change in Control Date by CoreLogic other than for good cause or by the participant for good reason. The Executive Supplemental Plan benefit will be provided on the same basis as if the participant had attained normal retirement age prior to such termination of employment, subject to a proration factor for those participants, including Mr. Sando, who had not reached their early retirement date under the plan as of December 31, 2010. Based on the assumptions described above under “Interests of the Directors and Executive Officers of CoreLogic in the Merger—Certain Assumptions,” the unvested portion of Mr. Sando’s benefit under the Executive Supplemental Plan is $454,057.

Each of the named executive officers participates in CoreLogic’s Amended and Restated Deferred Compensation Plan (the “DCP”). The DCP provides that all participants will vest in their unvested company contributions on the Change in Control Date. None of the named executive officers has unvested company contributions under the DCP.

Grantor Trust Funding

CoreLogic established grantor trusts for the Executive Supplemental Plan, the DCP and CoreLogic’s Management Supplemental Benefit Plan (the “Grantor Trusts”). The Grantor Trusts generally require that CoreLogic fund the benefits under these plans immediately prior to the occurrence of a change in control. The required contributions to the Grantor Trusts as of the Change in Control Date will be approximately $33.3 million.

280G Mitigation Actions

In connection with the Merger, CoreLogic may, subject to prior consultation with Parent, take certain tax-planning actions to mitigate any adverse tax consequences under the “golden parachute” provisions of Sections 280G and 4999 of the Code that could arise in connection with the completion of the Merger.

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In addition, CoreLogic and Parent may implement post-closing strategies to mitigate the impact of Sections 280G and 4999 of the Code, including retention and/or consulting agreements for affected executives. Any such agreements will provide for a post-termination non-competition covenant (to the extent permitted by applicable law).

As of the date of this Proxy Statement, CoreLogic has not yet determined any specific actions that it will take to mitigate the potential impact of the excise tax imposed on amounts that constitute “excess parachute payments” under Section 280G of the Code on any affected individuals (including CoreLogic’s executive officers), and CoreLogic and Parent have not yet determined or implemented any post-closing mitigation strategies.

Compensation Arrangements with Parent

As of the date of this Proxy Statement, none of CoreLogic’s executive officers have entered into any agreement with Parent or any of its affiliates regarding employment with, or the right to purchase or participate in the equity of, Parent, the Surviving Corporation or one or more of their affiliates. Prior to, or following the closing of the Merger, however, some or all of CoreLogic’s executive officers may discuss or enter into agreements with Parent regarding employment with, or the right to purchase or participate in the equity of, Parent or one or more of its affiliates (including the Surviving Corporation).

Golden Parachute Compensation

In accordance with Item 402(t) of Regulation S-K under the Securities Act, the table below sets forth the compensation that is based on, or otherwise relates to, the Merger that will or may become payable to each named executive officer of CoreLogic in connection with the Merger. For additional details regarding the terms of the payments and benefits described below, see the discussion under “Interests of the Directors and Executive Officers of CoreLogic in the Merger” beginning on page [●] of this Proxy Statement, which is incorporated herein.

The amounts shown in the table below are estimates based on multiple assumptions that may or may not actually occur or be accurate on the relevant date, including the assumptions described below and in the footnotes to the table, and do not reflect certain compensation actions that may occur prior to completion of the Merger, including any equity award grants that may be made after the assumed effective time of February 26, 2021. For purposes of quantifying the potential payments and benefits described in this section, the following assumptions were used:

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For purposes of this disclosure, CoreLogic’s named executive officers are: (i) Frank D. Martell, President and Chief Executive Officer; (ii) James L. Balas, Chief Financial Officer; (iii) Patrick Dodd, Chief Operating and Growth Officer; (iv) Barry M. Sando, Managing Director, Underwriting & Workflow Solutions; (v) Francis Aaron Henry, Chief Legal Officer and Corporate Secretary; and (vi) Arnold A. Pinkston, former Chief Legal Officer & Corporate Secretary. Although Mr. Pinkston is considered a named executive officer for purposes of this disclosure, Mr. Pinkston does not hold any unvested Company RSUs or Company PSUs and he does not otherwise have any interests in the Merger except insofar as he may hold shares of CoreLogic Common Stock.

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Financing of the Merger

The total amount of funds necessary to consummate the Merger and related transactions, including payment of related fees and expenses, will be approximately $8.2 billion.

Equity Commitments

In connection with the Merger Agreement, Parent has obtained Equity Financing on the terms and conditions set forth in the Equity Commitment Letters, pursuant to which the Stone Point Funds and the Insight Funds provided commitments to contribute as equity capital to Parent an aggregate amount of $2.5 billion of amount in cash, in immediately available funds, solely for the purpose of permitting Parent to fund (together with the proceeds of the Debt Financing) payment of (i) the aggregate consideration required to be paid by Parent and/or Acquisition Sub under the Merger Agreement and (ii) fees and expenses (including any Expenses) required to be paid by Parent and/or Acquisition Sub at or prior to the closing of the Merger in connection with the transactions contemplated by the Merger Agreement.

The several (and not joint or joint and several) obligation of each of the Stone Point Funds and the Insight Funds to fund its respective equity commitment is subject to satisfaction of each of the following conditions: (i) all conditions to the obligation of Parent and Acquisition Sub to effect the merger have been met (other than

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those conditions that by their terms are to be satisfied by actions taken at the closing of the Merger, each of which shall be capable of being satisfied at the closing of the Merger) have been satisfied, (ii) the substantially concurrent receipt by Parent of the funds pursuant to each the Insight Equity Commitment Letter, in the case of the Stone Point Equity Commitment, or the Stone Point Equity Commitment Letter, in the case of the Insight Equity Commitment, (iii) the substantially concurrent receipt by Parent of the proceeds of the financing provided for by the Debt Commitment Letter or alternative financing, or that such proceeds will be funded at the closing of the Merger in accordance with the financing’s terms if the Equity Financing is funded at the closing of the Merger of the Merger and (iv) the substantially concurrent consummation of the closing of the Merger in accordance with the terms of the Merger Agreement.

Debt Commitment

In connection with the Merger Agreement, Parent has obtained Debt Financing on the terms and conditions set forth in the Debt Commitment Letter, pursuant to which JP Morgan has provided commitments in respect of (x) a first-lien term loan facility in an aggregate principal amount of $5.5 billion (the “Term Loan Facility”) and (y) a first-lien revolving credit facility in an aggregate principal to be agreed (the “Revolving Facility” and, together with the Term Loan Facility, the “First Lien Facilities”), the proceeds of the Term Loan Facility would be used, together with borrowings under the Revolving Facility in an aggregate principal amount of up to $75.0 million and the proceeds of the Equity Financing, for the purpose of financing the consummation of the Merger and paying fees and expenses incurred in connection with the Merger. The initial borrowing under the First Lien Facilities is subject to the satisfaction (or waiver by JP Morgan) of a number of limited conditions, including, without limitation: (i) consummation of the Merger in all material respects on the terms contemplated by the Merger Agreement (without giving effect to any amendment, waiver, consent or other modification that is materially adverse to the lenders unless it is approved by JP Morgan) prior to, or substantially concurrent with, the initial borrowings under the First Lien Facilities; (ii) since February 4, 2021, no Company Material Adverse Effect shall have occurred; (iii) delivery of certain financial statements of CoreLogic (and a period of ten (10) consecutive business days shall have elapsed thereafter); (iv) delivery of customary closing documents and certificates (including a customary solvency certificate); (v) the making and accuracy in all material respects of certain representations and warranties, including the specified representations set forth in the Debt Commitment Letter and certain representations and warranties in the Merger Agreement; (vi) subject to certain exceptions, delivery by Acquisition Sub of definitive documentation with respect to the First Lien Facilities, executed by Acquisition Sub and each guarantor party thereto; (vii) subject to certain exceptions, delivery of all documents required to perfect the security interest granted to the agent under the First Lien Facilities in the collateral provided thereunder; (vii) delivery of certain documentation with respect to Acquisition Sub and the guarantors required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations; (ix) the consummation of an equity contribution of sufficient size to Acquisition Sub by Stone Point and other investors arranged by and/or designated by Stone Point prior to, or substantially concurrent with, the initial borrowings under the First Lien Facilities; (x) the consummation of the closing date refinancing prior to, or substantially concurrent with, the initial borrowings under the First Lien Facilities; (xi) at least ten (10) consecutive business days shall have elapsed after Acquisition Sub shall have used commercially reasonable efforts to provide (I) a completed customary preliminary offering memorandum of Acquisition Sub and (II) customary comfort letters from the auditor of CoreLogic; and (xii) payment of required fees and expenses (together with those conditions contained in the Commitment Letter not expressly described above, collectively, the “Funding Conditions”). The Commitment Letter terminates in the event that (i) the Funding Conditions are not satisfied (or are waived by JP Morgan) on or before the date that is five (5) business days after the Termination Date, (ii) the Merger Agreement is terminated in accordance with its terms without consummation of the Merger having occurred, or (iii) the closing of the Merger occurs without use of the Term Loan Facility.

Limited Guarantees

In connection with the Merger Agreement, Parent and Acquisition Sub have delivered to CoreLogic the duly executed limited guarantees of each the Stone Point Funds and the Insight Funds (the “Guarantors”), pursuant to

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which the Guarantors have guaranteed to CoreLogic each of their pro rata portions of (i) the reverse termination fee, (ii) expenses to enforce payment of the reverse termination fee and (iii) any indemnification and expense reimbursement obligations of Parent in connection with the Debt Financing. Each Guarantee is subject to an aggregate cap equal to $135,000,000, with respect to the Insight Funds, and $202,500,000, with respect to the Stone Point Funds

Closing and Effective Time

The closing of the Merger will take place no later than the third (3rd) business day following the satisfaction or waiver in accordance with the Merger Agreement of all of the conditions to the closing of the Merger (as described in the section entitled “Terms of the Merger Agreement—Conditions to the Closing of the Merger” beginning on page [●] of this Proxy Statement), other than conditions that by their terms are to be satisfied at the closing of the Merger, but subject to the satisfaction or, to the extent not prohibited by law, waiver of such conditions at the closing of the Merger.

Accounting Treatment

The Merger will be accounted for as a “purchase transaction” for financial accounting purposes.

U.S. Federal Income Tax Consequences of the Merger

The following is a summary of the U.S. federal income tax consequences of the Merger to holders of CoreLogic Common Stock whose shares of CoreLogic Common Stock are converted into the right to receive cash pursuant to the Merger. This discussion is based upon the Code, Treasury Regulations promulgated under the Code, court decisions, published positions of the Internal Revenue Service (the “IRS”) and other applicable authorities, all as in effect on the date of this Proxy Statement and all of which are subject to change or differing interpretations, possibly with retroactive effect. This discussion is limited to holders who hold their shares of CoreLogic Common Stock as “capital assets” within the meaning of Section 1221 of the Code (generally, property held for investment purposes). For purposes of this discussion, a “holder” means either a U.S. Holder (as defined below) or a Non-U.S. Holder (as defined below) or both, as the context may require.

This discussion is for general information only and does not address all of the tax consequences that may be relevant to holders in light of their particular circumstances, nor does it address any consequences to stockholders subject to special treatment under the U.S. federal income tax laws, such as tax-exempt entities, S corporations, partnerships (including entities or arrangements treated as partnerships for U.S. federal income tax purposes) and partners therein, financial institutions, insurance companies, dealers in securities, traders in securities who elect to apply a mark-to-market method of accounting, regulated investment companies, real estate investment trusts, persons who are subject to the alternative minimum tax, certain former citizens or long-term residents of the United States, persons who actually or constructively own 5% of more of CoreLogic Common Stock, persons who acquire their shares of CoreLogic Common Stock pursuant to the exercise of employee stock options or otherwise as compensation, persons who hold their shares of CoreLogic Common Stock as part of a straddle, hedge, conversion, constructive sale, synthetic security, integrated investment or other risk-reduction transaction for U.S. federal income tax purposes, and persons whose functional currency is not the U.S. dollars. This discussion does not address any U.S. federal estate, gift or other non-income tax consequences or any state, local or non-U.S. tax consequences, or the consequences of the Medicare tax on net investment income. If a partnership (including an entity or arrangement treated as a partnership for U.S. federal income tax purposes) is a beneficial owner of shares of CoreLogic Common Stock, the tax treatment of a partner in such partnership will generally depend upon the status of the partner and the activities of the partnership. Partnerships holding shares of CoreLogic Common Stock and partners therein should consult their own tax advisors regarding the consequences of the Merger to their particular circumstances.

No ruling has been or will be sought from the IRS regarding the U.S. federal income tax consequences of the Merger described herein. This summary is not binding on the IRS or a court, and there can be no assurance

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that the tax consequences described in this summary will not be challenged by the IRS or that they would be sustained by a court if so challenged.

THIS DISCUSSION IS PROVIDED FOR GENERAL INFORMATION ONLY. HOLDERS SHOULD CONSULT THEIR OWN TAX ADVISORS CONCERNING THE U.S. FEDERAL INCOME TAX CONSEQUENCES RELATING TO THE MERGER IN LIGHT OF THEIR PARTICULAR CIRCUMSTANCES AND ANY CONSEQUENCES ARISING UNDER ANY STATE, LOCAL, FOREIGN OR OTHER TAX LAWS.

U.S. Holders

For purposes of this discussion, a “U.S. Holder” is a beneficial owner of shares of CoreLogic Common Stock who is, for U.S. federal income tax purposes:

The receipt of cash by a U.S. Holder in exchange for shares of CoreLogic Common Stock pursuant to the Merger will be a taxable transaction for U.S. federal income tax purposes. In general, such U.S. Holder’s gain or loss will be equal to the difference, if any, between the amount of cash received and the U.S. Holder’s adjusted tax basis in the shares surrendered pursuant to the Merger. A U.S. Holder’s adjusted tax basis will generally equal the amount that such U.S. Holder paid for the shares. Such gain or loss will be capital gain or loss and will be long-term capital gain or loss if such U.S. Holder’s holding period in such shares is more than one (1) year at the time of the Merger. A reduced tax rate on capital gain will generally apply to long-term capital gain of a non-corporate U.S. Holder. The deductibility of capital losses is subject to limitations.

Non-U.S. Holders

For purposes of this discussion, the term “Non-U.S. Holder” means a beneficial owner of shares of CoreLogic Common Stock who is neither a U.S. Holder nor a partnership for U.S. federal income tax purposes.

Special rules not discussed below may apply to certain Non-U.S. Holders subject to special tax treatment, such as “controlled foreign corporations” or “passive foreign investment companies.” Non-U.S. Holders should consult their tax advisors to determine the U.S. federal, state, local and non-U.S. tax consequences that may be relevant to them in light of their particular circumstances.

Any gain realized by a Non-U.S. Holder pursuant to the Merger will generally not be subject to U.S. federal income tax unless:

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Information Reporting and Backup Withholding

Information reporting and backup withholding (currently, at a rate of 24%) may apply to the proceeds received by a holder pursuant to the Merger. Backup withholding generally will not apply to (i) a U.S. Holder that furnishes a correct taxpayer identification number and certifies that such U.S. Holder is not subject to backup withholding on IRS Form W-9 (or a substitute or successor form) or (ii) a Non-U.S. Holder that provides a certification of such Non-U.S. Holder’s foreign status on the appropriate series of IRS Form W-8 (or a substitute or successor form) or otherwise establishes an exemption from backup withholding. Backup withholding is not an additional tax. Any amounts withheld under the backup withholding rules will be allowed as a refund or a credit against the holder’s U.S. federal income tax liability, provided that the required information is timely furnished to the IRS.

Holders of CoreLogic Common Stock should consult their own tax advisors regarding the tax consequences of the Merger to their particular circumstances, including the applicability and effect of any state, local, foreign or other tax laws.

Regulatory Approvals Required for the Merger

Under the Merger Agreement, the Merger cannot be consummated until the applicable waiting period under the HSR Act, has expired or been terminated and approvals, consents, waivers or clearances under foreign investment laws have been obtained in Australia and New Zealand. CoreLogic made the filings required under the HSR Act on February 18, 2021, in New Zealand on February 22, 2021 and in Australia on February 24, 2021.

HSR Act and U.S. Antitrust Matters

Under the HSR Act and the rules promulgated thereunder by the U.S. Federal Trade Commission (the “FTC”), the Merger cannot be consummated until CoreLogic and Parent each file a notification and report form with the FTC and the Antitrust Division of the U.S. Department of Justice (the “DOJ”) under the HSR Act and the applicable waiting period has expired or been terminated. A transaction notifiable under the HSR Act may not be consummated until the expiration of a thirty (30) calendar day waiting period following the parties’ filing of their respective HSR Act notification forms, unless extended by a request for additional information or the waiting period is terminated earlier. CoreLogic made the filings required under the HSR Act on February 18, 2021.

At any time before or after consummation of the Merger, notwithstanding the termination of the waiting period under the HSR Act, the Antitrust Division of the DOJ or the FTC could take such action under the antitrust laws as either deems necessary or desirable in the public interest, including seeking to enjoin the completion of the Merger, seeking divestiture of substantial assets of the parties or requiring the parties to license, or hold separate, assets or terminate existing relationships and contractual rights. At any time before or after the completion of the Merger, and notwithstanding the termination of the waiting period under the Act, any state could take such action under the antitrust laws as it deems necessary or desirable in the public interest. Such action could include seeking to enjoin the completion of the Merger or seeking divestiture of substantial assets of the parties. Private parties may also seek to take legal action under the antitrust laws under certain circumstances.

Foreign Investment Laws

Consummation of the Merger is conditioned on approval under, or filing of notices pursuant to, the foreign investment laws of Australia and New Zealand.

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Under the Australian Foreign Acquisitions and Takeovers Act 1975, the Merger cannot be consummated until Parent obtains approval from the Australian Treasurer. A transaction notifiable to Foreign Investment Review Board may not be consummated until the expiration of a thirty (30) calendar day waiting period following Parent’s filing (subject to extension). In practice, approval is estimated to take up to four (4) months. A notification was submitted to the Australian Foreign Investment Review Board for the purpose of seeking this approval on February, 24 2021.

Under the New Zealand Overseas Investment Act 2005 and the Overseas Investment Regulations 2005, the Merger cannot be consummated until Parent obtains approval from the Overseas Investment Office in New Zealand. The filing was submitted to the New Zealand Overseas Investment Office on February, 22 2021. Approval is expected within ten (10) business days from when the application was filed.

One or more governmental agencies may impose a condition, restriction, qualification, requirement or limitation when it grants the necessary approvals and consents. Third parties may also seek to intervene in the regulatory process or litigate to enjoin or overturn regulatory approvals, any of which actions could significantly impede or even preclude obtaining required regulatory approvals. There is currently no way to predict how long it will take to obtain all of the required regulatory approvals or whether such approvals will ultimately be obtained and there may be a substantial period of time between the CoreLogic Stockholder Approval and the consummation of the Merger.

Although it is expected that all required regulatory clearances and approvals will be obtained, there are no assurances that these regulatory clearances and approvals will be timely obtained, obtained at all or that the granting of these regulatory clearances and approvals will not involve the imposition of additional conditions on the consummation of the Merger, including the requirement to divest assets, or require changes to the terms of the Merger Agreement.

Legal Proceedings Regarding the Merger

As of the date of this Proxy Statement, there are no pending lawsuits challenging the Merger. However, potential plaintiffs may file lawsuits challenging the Merger. The outcome of any future litigation is uncertain. Such litigation, if not resolved, could prevent or delay consummation of the Merger and result in substantial costs to CoreLogic, including any costs associated with the indemnification of directors and officers. One of the conditions to the consummation of the Merger is that no governmental authority (i) of competent jurisdiction in any jurisdiction in which CoreLogic, Parent or any of their respective affiliates have material business operations shall have enacted, issued, promulgated, enforced or entered any law or order which is then in effect and has the effect of restraining, enjoining, rendering illegal or otherwise prohibiting consummation of the Merger or (ii) of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any law or order which is then in effect and has the effect of restraining, enjoining, rendering illegal or otherwise prohibiting consummation of the Merger if the effect of violating such law or order would impose, or would reasonably be expected to impose, criminal penalties upon Parent, Acquisition Sub or CoreLogic or any of its subsidiaries (the “Legal Restraints Condition”). Therefore, if a plaintiff were successful in obtaining an injunction prohibiting the consummation of the Merger on the agreed-upon terms, then such injunction may prevent the Merger from being consummated, or from being consummated within the expected time frame.

TERMS OF THE MERGER AGREEMENT

The discussion of the terms of the Merger Agreement in this section and elsewhere in this Proxy Statement is qualified in its entirety by reference to the complete text of the Merger Agreement, a copy of which is attached as Annex A to this Proxy Statement and is incorporated into this Proxy Statement by reference. This summary does not purport to be complete and may not contain all of the information about the Merger that is important to you. You are encouraged to read the Merger Agreement carefully and in its entirety as it is the legal document that governs the Merger.

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Explanatory Note Regarding the Merger Agreement

The following description of the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Merger Agreement, which is included as Annex A hereto. The Merger Agreement has been included to provide investors with information regarding its terms. It is not intended to provide any other factual information about CoreLogic, Parent, Acquisition Sub, the Insight Funds and the Stone Point Funds or their respective subsidiaries or affiliates. The representations, warranties and covenants contained in the Merger Agreement were made only for purposes of the Merger Agreement as of the specific dates therein, were solely for the benefit of the parties to the Merger Agreement, may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures made for the purposes of allocating contractual risk among the parties to the Merger Agreement instead of establishing these matters as facts, and may be subject to standards of materiality applicable to the contracting parties that differ from those applicable to investors. Investors should not rely on the representations, warranties and covenants or any descriptions thereof as characterizations of the actual state of facts or condition of the parties thereto or any of their respective subsidiaries or affiliates. Moreover, information concerning the subject matter of representations and warranties may change after the date of the Merger Agreement, which subsequent information may or may not be reflected in CoreLogic’s public disclosures. Accordingly, the representations, warranties, covenants and other agreements in the Merger Agreement should not be read alone, and you should read the information provided elsewhere in this document and in our filings with the SEC regarding CoreLogic and its business. Please see the section entitled “Where You Can Find More Information” beginning on page [●] of this Proxy Statement.

Effects of the Merger

The Merger Agreement provides that, upon the terms and subject to the conditions of the Merger Agreement, and in accordance with the DGCL, at the Effective Time, Acquisition Sub shall be merged with and into CoreLogic, whereupon the separate existence of Acquisition Sub shall cease, and CoreLogic shall continue under the name “CoreLogic, Inc.” as the Surviving Corporation and shall continue to be governed by the laws of Delaware.

Closing and Effective Time

The closing of the Merger will take place no later than the third (3rd) business day following the satisfaction or waiver in accordance with the Merger Agreement of all of the conditions to the closing of the Merger (as described in the section entitled “Terms of the Merger Agreement—Conditions to the Closing of the Merger” beginning on page [●] of this Proxy Statement), other than conditions that by their terms are to be satisfied at the closing of the Merger, but subject to the satisfaction or, to the extent not prohibited by law, waiver of such conditions at the closing of the Merger, provided that if the twelve (12) business day period, commencing on March 6, 2021 or such later date that CoreLogic delivers to Parent certain required financial information, during which JP Morgan and, if applicable, the other underwriters, will seek to offer and sell or privately place the notes contemplated by the Debt Commitment Letter (the “Marketing Period”), has not ended as of such date, the closing of the Merger will occur on the earlier of (i) a date during the Marketing Period specified by Parent in writing on no fewer than two (2) business days’ notice to CoreLogic and (ii) the third (3^rd) business day immediately following the last day of the Marketing Period. Concurrently with the closing of the Merger, the parties will file a certificate of Merger with the Secretary of State for the State of Delaware as provided under the DGCL.

Directors and Officers; Certificate of Incorporation; Bylaws

The Merger Agreement provides that the board of directors of the Surviving Corporation effective as of, and immediately following, the Effective Time shall consist of the members of the board of directors of Acquisition Sub immediately prior to the Effective Time, each to hold office in accordance with the certificate of incorporation and bylaws of the Surviving Corporation until their respective successors shall have been duly elected, designated and qualified, or until their earlier death, resignation or removal in accordance with the certificate of incorporation and bylaws of the Surviving Corporation.

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At the Effective Time, the certificate of incorporation and bylaws of the Surviving Corporation shall be amended and restated to be identical to the certificate of incorporation and bylaws of Acquisition Sub, until thereafter amended in accordance with the applicable provisions of the certificate of incorporation and bylaws of the Surviving Corporation and the DGCL, except that (i) in each case, the name of the Surviving Corporation shall be CoreLogic, Inc. and (ii) the indemnity provisions shall be the same as those under CoreLogic’s certificate of incorporation and bylaws, respectively, in each case as in effect as of the date of the Merger Agreement.

Merger Consideration

Common Stock

Upon the consummation of the Merger, each share of CoreLogic Common Stock issued and outstanding immediately prior to the Effective Time (other than (i) shares held by CoreLogic or any subsidiary of CoreLogic (including shares held as treasury stock), (ii) shares held, directly or indirectly, by Parent or Acquisition Sub, which will be cancelled and retired for no consideration, and (iii) any Dissenting Shares) will be converted into the Merger Consideration.

Outstanding Company Equity Awards

The Merger Agreement provides that CoreLogic’s equity awards and long-term incentive plan awards that are outstanding immediately prior to the Effective Time will be subject to the following treatment as of the Effective Time:

CoreLogic may continue to make annual equity award grants in the ordinary course of business consistent with past practice to its non-employee directors prior to the completion of the Merger (irrespective of whether or

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not there is an annual shareholder meeting in the applicable year). Such non-employee director equity awards will be subject to the same treatment that applies to CoreLogic equity awards generally, as described above.

CoreLogic may continue to make annual equity award grants to its employees in the ordinary course of business consistent with past practice prior to the completion of the Merger (the “2021 Employee Annual Equity Awards”). The aggregate grant date fair value of such awards may not exceed an amount equal to $22.8 million. Notwithstanding the treatment of CoreLogic equity awards in the Merger Agreement, as described above, as of the Effective Time, each 2021 Employee Annual Equity Award will vest on a prorated basis (with Company PSUs vesting at the target level of performance), with the proration equal to a fraction, the numerator of which is the number of months from January 1, 2021 to the date of closing and the denominator of which is thirty-six. The resulting prorated number of shares of CoreLogic Common Stock in respect of 2021 Employee Annual Equity Awards will be converted into the Merger Consideration as described above, and the portion of the 2021 Employee Annual Equity Awards that do not vest in accordance with the proration described in the prior sentence will be cancelled without consideration.

CoreLogic may continue to make equity award grants in the ordinary course of business consistent with past practice to new hires and employees who are promoted in the ordinary course of business who, in each case, have an annual base salary of less than $350,000, with a maximum grant date fair value not to exceed $300,000 for each employee and a total aggregate grant date fair value not to exceed $5 million. Each award granted to a new hire and in connection with a promotion will be subject to the proration and forfeiture provisions that are applicable to 2021 Employee Annual Equity Awards, as described above.

Company ESPP

The Merger Agreement provides that as soon as practicable following the date of the Merger Agreement, CoreLogic take all actions as may be required to provide that (i) the current offering period under the Company ESPP will be the final offering period and no further offering period will commence pursuant to the Company ESPP after the date hereof, and (ii) except to the extent necessary to maintain the status of the Company ESPP as an “employee stock purchase plan” within the meaning of Section 423 of the Code, each individual participating in the final offering period as of the date of the Merger Agreement will not be permitted to (i) increase his or her payroll contribution rate pursuant to the Company ESPP from the rate in effect when the final offering period commenced or (ii) make separate non-payroll contributions to the Company ESPP on or following the date of the Merger Agreement. Prior to the Effective Time, CoreLogic will take all actions that may be necessary to (x) cause the final offering period, to the extent that it would otherwise be outstanding at the Effective Time, to be terminated no later than ten (10) business days prior to the date on which the Effective Time occurs; (y) make any pro rata adjustments that may be necessary to reflect the final offering period, but otherwise treat the final offering period as a fully effective and completed offering period for all purposes pursuant to the Company ESPP; and (z) cause the exercise (as of no later than ten (10) business days prior to the date on which the Effective Time occurs) of each outstanding purchase right pursuant to the Company ESPP. On such exercise date, CoreLogic will apply the funds credited as of such date pursuant to the Company ESPP within each participant’s payroll withholding account to the purchase of whole shares of CoreLogic Common Stock in accordance with the terms of the Company ESPP, and such shares of CoreLogic Common Stock shall be entitled to the Merger Consideration. Immediately prior to and effective as of the Effective Time (but subject to the consummation of the Merger), CoreLogic will terminate the Company ESPP.

Exchange and Payment Procedures

No later than ten (10) days prior to the Effective Time, Parent shall, at its sole cost and expense, designate a reputable bank or trust company (the “Paying Agent”) to make payments of the Merger Consideration to stockholders. Prior to the Effective Time, Parent will deposit, or cause to be deposited with the Paying Agent, cash constituting an amount equal to the aggregate Merger Consideration.

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Upon surrender of a certificate (or affidavit of loss in lieu thereof) or book-entry evidence for cancellation to the Paying Agent, together with, in the case of certificates and book-entry evidence not held through The Depository Trust Company, a letter of transmittal duly completed and validly executed in accordance with the instructions thereto, or, in the case of book-entry evidence held through The Depository Trust Company, receipt of an “agent’s message” by the Paying Agent, and such other documents as may be required pursuant to such instructions, the holder of such certificate or book-entry evidence shall be entitled to receive in exchange therefor the Merger Consideration for each share of CoreLogic Common Stock formerly represented by such certificate or book-entry evidence upon the later to occur of (i) the Effective Time or (ii) the Paying Agent’s receipt of such certificate (or affidavit of loss in lieu thereof), book-entry evidence or “agent’s message,” and the certificate (or affidavit of loss in lieu thereof) or book-entry evidence so surrendered shall be forthwith cancelled. The Paying Agent agreement shall provide that the Paying Agent shall accept such certificates (or affidavits of loss in lieu thereof) or Book-Entry Evidence upon compliance with such reasonable terms and conditions as the Paying Agent may impose to effect an orderly exchange thereof in accordance with normal exchange practices. No interest shall be paid or accrued for the benefit of holders of the certificates or book-entry evidence on the Merger Consideration payable upon the surrender of the certificates or book-entry evidence.

Any portion of the exchange fund which remains undistributed to the holders of the certificates or book-entry Evidence for one (1) year after the Effective Time shall be delivered to the Surviving Corporation, upon written demand, and any such holders prior to the Merger who have not theretofore complied with the exchange procedures in the Merger Agreement shall thereafter look only to the Surviving Corporation as a general creditor thereof for payment of their claims for Merger Consideration (without any interest thereon) in respect thereof, subject to abandoned property, escheat or similar Law.

The letter of transmittal will include instructions if a stockholder has lost a share certificate or if such certificate has been stolen or destroyed. If any certificate shall have been lost, stolen or destroyed, then upon the making of an affidavit, in form and substance reasonably acceptable to Parent and CoreLogic, of that fact by the person claiming such certificate to be lost, stolen or destroyed and, if reasonably required by the Surviving Corporation, the posting by such person of a bond, in such reasonable and customary amount as the Surviving Corporation may direct, as indemnity against any claim that may be made against it with respect to such certificate, the Paying Agent will issue in exchange for such lost, stolen or destroyed certificate, the Merger Consideration to which the holder thereof is entitled pursuant to the exchange procedures in the Merger Agreement.

These procedures will be described in the letter of transmittal that you will receive, which you should read carefully in its entirety.

Representations and Warranties

The Merger Agreement contains representations and warranties of CoreLogic, Parent and Acquisition Sub.

Certain of the representations and warranties in the Merger Agreement made by CoreLogic are qualified by knowledge and/or “materiality” qualifications or a “Company Material Adverse Effect” clause. For purposes of the Merger Agreement, “Company Material Adverse Effect” means, with respect to CoreLogic, any condition, fact, occurrence, development, change, event, effect or circumstance which, individually or in the aggregate, has resulted in or would reasonably be expected to result in a material adverse effect on the assets, properties, liabilities, operations, business, financial condition or results of operations of CoreLogic and its subsidiaries, taken as a whole. Conditions, facts, occurrences, developments, changes, events, effects or circumstances, to the extent they directly or indirectly relate to or result from the following, shall be excluded from the determination of Company Material Adverse Effect:

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