UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events. |
On September 15, 2020, CoreLogic, Inc., a Delaware corporation (the “Company”), issued a press release (the “Press Release”), announcing that its Board of Directors (the “Board”), in consultation with its independent financial and legal advisors, unanimously determined to reject the previously announced revised unsolicited proposal from Senator Investment Group, LP (“Senator”) and Cannae Holdings, Inc. (“Cannae”) received on September 14, 2020 to acquire all outstanding common shares of the Company for $66.00 per share in cash, as the proposal continues to significantly undervalue the Company, raises serious regulatory concerns that have not been addressed and is not in the best interests of its stockholders. The Company informed Senator and Cannae of its decision in a letter on September 15, 2020 (the “Revised Unsolicited Bid Response Letter”).
The full texts of the Press Release and Revised Unsolicited Bid Response Letter are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively.
Important Additional Information and Where to Find It
On September 4, 2020, in connection with the November 17, 2020 special meeting of shareholders (the “Special Meeting”) called by the Board, the Company filed a preliminary proxy statement (the “Preliminary Special Meeting Proxy Statement”) with the United States Securities and Exchange Commission (the “SEC”). Prior to the Special Meeting, the Company will furnish a definitive proxy statement to its stockholders (the “Definitive Special Meeting Proxy Statement”), together with a WHITE proxy card. SHAREHOLDERS ARE URGED TO READ THE PRELIMINARY SPECIAL MEETING PROXY STATEMENT AND THE DEFINITIVE SPECIAL MEETING PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), AND ANY OTHER RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Shareholders will be able to obtain, free of charge, copies of the Definitive Special Meeting Proxy Statement, any amendments or supplements thereto and any other documents (including the WHITE proxy card) when filed by the Company with the SEC in connection with the Special Meeting at the SEC’s website (http://www.sec.gov), at the Company’s website (https://investor.corelogic.com), or by contacting Innisfree M&A Incorporated by phone toll-free at (877) 750-9498 (from the U.S. and Canada) or +1 (412) 232-3651 (from other locations), or by mail at Innisfree M&A Incorporated, 501 Madison Avenue, 20th Floor, New York, New York, 10022.
Participants in the Solicitation
The Company, its directors and certain of its executive officers and other employees will be participants in the solicitation of proxies from shareholders in connection with the Special Meeting. Additional information regarding the identity of these potential participants, none of whom owns in excess of one percent (1%) of the Company’s shares, and their direct or indirect
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interests, by security holdings or otherwise, is set forth in the Preliminary Special Meeting Proxy Statement and will be set forth in the Definitive Special Meeting Proxy Statement and other materials to be filed with the SEC in connection with the Special Meeting. Information relating to the foregoing can also be found in the Company’s definitive proxy statement for its 2020 annual meeting of shareholders (the “2020 Proxy Statement”), filed with the SEC on March 19, 2020. To the extent holdings of the Company’s securities by such potential participants (or the identity of such participants) have changed since the information printed in the 2020 Proxy Statement, such information has been or will be reflected on Statements of Change in Ownership on Forms 3 and 4 filed with the SEC. You may obtain free copies of these documents using the sources indicated above.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| No. |
Description | |
| 99.1 | Press Release dated September 15, 2020 | |
| 99.2 | Letter to Senator Investment Group, LP and Cannae Holdings, Inc. dated September 15, 2020 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 15, 2020
| CORELOGIC, INC. | ||
| By: | /s/ Frank D. Martell | |
| Name: | Frank D. Martell | |
| Title: | President and Chief Executive Officer | |
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