Shares of CoreLogic Inc. (NYSE: CLGX), a provider of real estate and insurance data, soared after the Irvine-based company confirmed it’s “engaging with third parties” about a possible takeover with a value of $80 or more a share.
Shares climbed 13% to $77.29 and a $6.1 billion market cap.
CoreLogic’s statement didn’t identify the new suitors.
CoStar Group Inc. (Nasdaq: CSGP) and a private equity consortium led by Warburg Pincus and GTCR are among the bidders seeking to acquire CoreLogic, Reuters said, citing unidentified people familiar with the matter.
Senator Investment Group LP and Cannae Holdings Inc. have previously offered $66 a share to take over CoreLogic.
The company has scheduled a shareholder meeting for Nov. 17 to vote on that proposed takeover, which is led by Bill Foley, who was a well-known business executive in Orange County during the 1990s.
