FTC Investigating Rejected $7B CoreLogic Takeover Bid

Law360 (July 15, 2020, 10:34 PM EDT) -- The Federal Trade Commission is investigating an unsolicited, rejected proposal by Weil-led Cannae Holdings and Cadwalader-guided Senator Investment Group to take private real estate analytics business CoreLogic in a deal valuing it at $7 billion, according to a regulatory filing Wednesday.

In a short document filed with the U.S. Securities and Exchange Commission, Irvine, California-based CoreLogic Inc. said it was told Tuesday that the FTC is investigating the takeover bid lobbed late last month by Cannae Holdings Inc. and Senator Investment Group LP, and that the regulator is requesting information as part of the probe.

On July 7, CoreLogic rejected the...

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