Cannae Holdings, Inc. and Senator Investment Group have upped the ante in their $7 billion bid to acquire CoreLogic, initiating the process to call a shareholder meeting to replace a majority of CoreLogic’s board with independent directors.
CoreLogic said the bid to acquire its outstanding common shares significantly undervalues the company, raises serious regulatory concerns, and is not in the best interests of its shareholders.
Read on to learn the latest in this takeover bid.