(Reuters) – CoreLogic Inc (N:) shareholder Kennedy Enterprises said on Monday it will vote against the proposed takeover bid from investment firms Cannae Holdings (N:) and Senator Investment Group for the U.S. property data and analytics firm.
Parker Kennedy, general partner of Kennedy Enterprises and a former board member of CoreLogic, said CoreLogic’s management and board, combined with its assets and market advantages, will deliver better returns than Senator and Cannae’s bid. (https://refini.tv/2SuyIUc)
Earlier in September, the investment firms raised their bid for CoreLogic by a dollar to $66 per share to restart takeover negotiations after talks had stalled over their requests to review financial data.
Kennedy Enterprises holds a 1.6% stake in CoreLogic.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.