Where Real Estate Gets Its Dirt

Not so fast! CoStar ups the bid for CoreLogic

Costar Group (CSGP) Offers to Acquire CoreLogic (CLGX) for $95.76 Per Share

“Today, CoStar Group, Inc. (NASDAQ: CSGP) delivered a letter to the Board of Directors of CoreLogic (NYSE: CLGX) setting forth the terms of a superior proposal by CoStar Group to acquire 100% of the equity interests of CoreLogic. Under the terms of the proposal, CoreLogic shareholders would receive 0.1019 shares of CoStar Group common stock in exchange for each share of CoreLogic common stock, representing a value of approximately $95.76 per share based on CoStar Group’s closing share price on February 12, 2021.”

Seems a little more complicated than Stone Point Capital and Insight Partners all cash deal. Real estate is hot hot hot!

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