Real estate fintech CoreLogic receives multiple potential bids at more than $80 a share, sources say

Investing News

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 non-disclosure agreement with at least one potential buyer, the people said.

Shares were last seen up 11.5%, around $76 a share, following news of the takeover bids. CoStar Group could be one of the potential bidders.

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.

Articles You May Like

Merger Mayhem: FTC’s Oil Sector Crackdown Puts These 3 Pending Deals at Risk
‘I received accolades’: I reported a toxic coworker who threatened me — and I was terminated after 7 years of stellar employment. What can I do?
Top Wall Street analysts are feeling confident about these 3 stocks after earnings
‘I wonder if he’s on commission’: A psychiatrist online prescribed me Prozac, punched the air in celebration — and suggested I have a beer. Is this normal?
Streaming Supremacy: Why Netflix’s Cutting-Edge Cloud Strategy Makes It a Must-Own Stock