Actual property fintech CoreLogic receives a number of potential bids for greater than $ 80 per share
Real estate data and analytics firm CoreLogic has received several potential takeover bids valued at over $ 80 per share, according to CNBC’s David Faber.
The numerous parties interested in a deal with CoreLogic include private equity firms, Faber reported, citing sources familiar with the talks. The company has already signed a nondisclosure agreement with at least one potential buyer.
People familiar with the conversations said the CoStar Group could be one of the potential bidders.
CoreLogic later confirmed Wednesday that it is “working with third parties that have expressed preliminary interest, based on public information, in the potential acquisition of the company at a value of at least $ 80 per share.”
“At this point in time, no decision has been made to complete any transaction and the Company cannot make any representations that it will complete any transaction in the future or, if it does, what the terms of such transaction would be.” Company added in its statement.
Shares were last up 13.2%, around $ 77 per share, after the takeover bids became known.
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