(Reuters) – CoreLogic Inc (N:CLGX) shareholder Kennedy Enterprises said on Monday it will vote against the proposed takeover bid from investment firms Cannae Holdings (N:CNNE) 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.
CoreLogic shareholder Kennedy Enterprises to vote against takeover bid
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