CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and across major metropolitan areas. April 2021 data shows a national rent increase of 5.3% year over year, up from a 2.4% year-over-year increase in April 2020. While rent… Continue reading Single Family Rent Growth Rate More Than Doubles Year Over Year: CoreLogic
Tag: CoreLogic
CoreLogic Asks CoStar to Further Increase Takeover Bid
Property information and analytics provider CoreLogic has written to CoStar asking the company to increase the value of its acquisition offer even further, after confirming earlier this week that CoStar had upped its bid. CoStar has offered to pay CoreLogic shareholders $6.00 per share in cash, in addition to its previous offer of 0.1019 shares… Continue reading CoreLogic Asks CoStar to Further Increase Takeover Bid
CoreLogic Updates on Sales Process, Slams “Misinformation Campaign”
Property information and analytics provider CoreLogic has provided an update on its acquisition talks after renewed pressure from investors to engage in an auction process as soon as possible. CoreLogic confirmed that it was conducting a strategic review of its options after receiving multiple takeover proposals valuing the firm in excess of $80 per share.… Continue reading CoreLogic Updates on Sales Process, Slams “Misinformation Campaign”
CoreLogic Shareholders Should Pick Dissident Nominees, ISS Says
Two investors pushing CoreLogic Inc. to explore a sale won partial support from a prominent shareholder advisory firm, which urged shareholders to support three of the dissident group’s nominees for the board. Institutional Shareholder Services Inc. said investors should elect Steve Albrecht, Wendy Lane, and Henry Winship from the list of nominees put forth by… Continue reading CoreLogic Shareholders Should Pick Dissident Nominees, ISS Says
CoreLogic Receives Multiple Potential Bids at More than $80 Per Share: Sources
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… Continue reading CoreLogic Receives Multiple Potential Bids at More than $80 Per Share: Sources
CoreLogic Estimates Up to $1.2B in U.S. Onshore Losses from Hurricane Delta Wind and Storm Surge
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today announced residential and commercial storm surge and wind loss estimates for Hurricane Delta. According to this new data analysis, insured wind losses for residential and commercial properties in Louisiana and Texas are estimated to be between $0.5 billion and $0.9 billion. Insured storm… Continue reading CoreLogic Estimates Up to $1.2B in U.S. Onshore Losses from Hurricane Delta Wind and Storm Surge
CoreLogic Bidders Seek Support to Replace Nine Directors
The investors seeking to take over CoreLogic Inc. plan to solicit support from fellow shareholders to replace nine directors, after the company rejected their $7 billion proposal to take it private. Cannae Holdings Inc. and Senator Investor Group previously said they owned a 15% economic stake in real estate data company CoreLogic, including stock and… Continue reading CoreLogic Bidders Seek Support to Replace Nine Directors
CoreLogic Refuses to Open its Books to Senator Investment, Cannae Unless Buyout Bid Is Higher
Property data and analytics firm CoreLogic Inc said on Monday it would not open its books to investment firms Senator Investment Group LP and Cannae Holdings Inc unless they raise their $7 billion offer to buy the company. Earlier in July, the investment firms asked CoreLogic for more financial documents to better assess the profitability… Continue reading CoreLogic Refuses to Open its Books to Senator Investment, Cannae Unless Buyout Bid Is Higher
CoreLogic Weighs Unsolicited Bid from Cannae Holdings, Senator Investment Group
Cannae Holdings Inc. and Senator Investment Group LP are proposing to buy CoreLogic Inc. in a deal that would value the financial services intelligence company at $5.16 billion. The unsolicited bid, at $65 a share in cash, represents a 37% premium over CoreLogic’s stock price on June 15, after which research notes about the trading… Continue reading CoreLogic Weighs Unsolicited Bid from Cannae Holdings, Senator Investment Group
Pandemic Impact Emerges: Single-Family Rent Prices Post Lowest Growth Rate in Nine Years, CoreLogic Reports
CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today released its latest Single-Family Rent Index (SFRI), which analyzes single-family rent price changes nationally and among 20 metropolitan areas. Data collected for April 2020 shows a national rent increase of 2.4% year over year, down from a 2.9% year-over-year increase in April 2019.… Continue reading Pandemic Impact Emerges: Single-Family Rent Prices Post Lowest Growth Rate in Nine Years, CoreLogic Reports