Actual property fintech CoreLogic receives a number of potential bids at greater than $80 a share, sources say

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Property information and analytics agency CoreLogic has obtained a number of potential takeover bids that worth the corporate at north of $80 a share, sources inform CNBC’s David Faber.

The a number of events excited by pursuing a cope with CoreLogic embrace non-public fairness corporations, Faber reported citing sources conversant in the talks. The corporate has already signed a non-disclosure settlement with no less than one potential purchaser, the individuals stated.

People familiar with the talks said CoStar Group might be one of many potential bidders.

CoreLogic confirmed afterward Wednesday that it’s “partaking with third events indicating preliminary curiosity primarily based on public info within the potential acquisition of the Firm at a worth at or above $80 per share.”

“No choice has been made to enter right into a transaction presently, and the Firm can supply no assurance that it’ll enter into any transaction sooner or later or, if entered into, what the phrases of any such transaction can be,” the corporate added in its assertion.

Shares had been final seen up 13.2%, round $77 a share, following information of the takeover bids.

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