Corelogic Board News Today

Inman Connect Three days after real estate juggernaut CoStar Group sweetened its offer to acquire property data and analytics firm CoreLogic, the latter has come back with a response: Not sweet enough. On Monday, CoStar upped its previous $7 billion, all-stock bid for CoreLogic by $6 per share, or an additional $450 million, so that CoreLogic shareholders would receive $6 in cash per share and 0.1019 shares of CoStar Group’s common stock in exchange for each share of CoreLogic stock. The valu...

CoStar CEO Andy Florance believes the CoreLogic board will deem its offer "superior" to a winning bid by Stone Point Capital and Insight Partners within 48 hours.