Property data and analytics firm Corlogic has received multiple potential takeover bids that share the company’s value at $ 80, according to CNBC’s David Faber.
Multiple parties interested in advancing the deal with Corlogic include private equity firms, Faber said, citing sources familiar with the negotiations. The company has signed a non-disclosure agreement with at least one potential buyer, people said.
Corelogic later confirmed on Wednesday that it was “engaged with third parties at a price of કિંમ 80 per share or showing initial interest in the company’s potential acquisition based on public information.”
“No decision has been made to enter into any transaction at this time, and the company will not be able to guarantee that it will enter into any transaction in the future or, if entered, what the terms of any such transaction will be,” the company added in its statement.
Shares were last seen around 76, up 11.5% following news of the takeover bid. The costar group could be one of the potential bidders.
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