CoreLogic rejected the unsolicited offer from the Senator Investment Group and Cannae Holdings to the company, and partially referred to the relationships between Bill Foley, chairman of Cannae, and other mortgage providers.
"Our board is open to all possible ways to increase shareholder value. We are ready to meet with Senator and Cannae. Given the strong dynamics of CoreLogic, the increase in margins, the acceleration of growth and the diverse value creation model, we are ourselves however, some CoreLogic will be able to offer shareholders significantly more value than this opportunistic proposal, "said Paul Folino, chairman. (Link to the whole story)