CoreLogic responds to fresh challenge from Cannae, Senator

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In this news, we discuss the CoreLogic responds to fresh challenge from Cannae, Senator.

(Reuters) – CoreLogic Inc said on Tuesday its board of directors fully supports the sale process and expects to receive final proposals early next year, responding to the latest challenge from investors Cannae Holdings and Senator Investment Group .

Just a week after winning three seats on CoreLogic’s board, investment firms on Monday asked the US real estate data and analytics provider to set a record date that will determine the eligibility of shareholders entitled to vote on a list of six new directors.

Cannae and Senator pushed the company to seek a sale by launching their own $ 7 billion takeover bid, but abandoned it once the sale process began.

Report by Ayanti Bera in Bengaluru; Edited by Devika Syamnath

Original © Thomson Reuters Corporation

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