Benzinga | Jul 20, 2020 07:04AM EDT

CoreLogic Issues Statement On Senator And Cannae's Request For Due Diligence; Says Will 'not provide non-public information to Senator and Cannae unless they first raise their offer to a level that provides appropriate value to our shareholders'

CoreLogic(r) (NYSE:CLGX), a leading global property data and analytics-driven solutions provider, today issued the following statement in response to a request for due diligence by Senator Investment Group LP and Cannae Holdings Inc.:

"The CoreLogic Board will not provide non-public information to Senator and Cannae unless they first raise their offer to a level that provides appropriate value to our shareholders -- reflecting our strong multi-year outlook recently disclosed to all shareholders. Granting diligence for an offer that significantly undervalues CoreLogic is not in the best interests of other shareholders. We have provided and will continue to provide significant transparency into our business and our prospects so all shareholders can fully appreciate CoreLogic's substantial value-creation potential. We are confident Cannae's multiple, existing positions in large real estate data, technology and services companies enable it and Senator to evaluate our detailed publicly available information to update and refine their views of CoreLogic's value if they so choose. We will provide further information to the market with our second quarter earnings."