CoStar Strikes Out On Latest CoreLogic Acquisition Bid
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 value of the proposed package represents approximately $90 per share based on CoStar’s closing price o...
Source: inman.com
