Real estate fintech CoreLogic receives multiple potential bids at more than $80 a share, sources say
Property data and analytics firm CoreLogic has received multiple potential takeover bids that value the company at north of $80 a share, sources tell CNBC’s David Faber.
The multiple parties interested in pursuing a deal with CoreLogic include private equity firms, Faber reported citing sources familiar with the talks. The company has already signed a non-disclosure agreement with at least one potential buyer, the people said.
CoreLogic confirm later on Wednesday that it is “engaging with third parties indicating preliminary interest based on public information in the potential acquisition of the Company at a value at or above $80 per share.”
“No decision has been made to enter into a transaction at this time, and the Company can offer no assurance that it will enter into any transaction in the future or, if entered into, what the terms of any such transaction would be,” the company added in its statement.
Shares were last seen up 11.5%, around $76 a share, following news of the takeover bids. CoStar Group could be one of the potential bidders.
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