Proposal to Acquire Company for $65.00 Per Share in Cash – Representing a 37% Premium Over Unaffected Stock Price
Cannae and Senator Jointly Own Approximately 15% Interest in CoreLogic
Cannae’s Bill Foley is a Uniquely Qualified Buyer Who Would Strengthen the Business to Benefit All Stakeholders
Call on CoreLogic Board to Promptly Hire Advisors and Form a Special Committee to Negotiate with Cannae and Senator
If Board is Unwilling to Engage, Senator and Cannae are Prepared to Take All Steps Necessary to Benefit Shareholders – Including Calling a Special Meeting
LAS VEGAS & NEW YORK--(BUSINESS WIRE)-- Cannae Holdings, Inc. (NYSE:CNNE), (“Cannae”) and Senator Investment Group, LP (“Senator”), which, directly or through affiliated entities, jointly own or have an economic interest equivalent to approximately 15% of the outstanding shares of CoreLogic, Inc. (NYSE:CLGX), (the “Company”) today sent a letter to the Company’s Board of Directors outlining a proposal to acquire CoreLogic for $65.00 per share in cash.