12 days ago • Posted by William Ramstein
CoStar up-bids rivals in CoreLogic acquisition.
Commercial property data vendor CoStar Group Inc said on Tuesday it has made a $6.9 billion all-stock offer to buy CoreLogic Inc, weeks after the real-estate data provider agreed to be acquired by two private equity firms. CoStar offered 0.1019 shares of its common stock in exchange for each share of CoreLogic, implying a value of about $95.76 per share. The offer represents a premium of 16.8% to CoreLogic's close on Friday. Source: Yahoo