var r = Math.floor(Math.random() * (9999 - 0 + 1) + 0); BOSTON (Reuters) - Investment firms Cannae Holdings, and Senator Investment said on Friday they had offered to acquire CoreLogic Inc. for $7 billion, sending shares in the property data and analytics company surging more than 28%. In 2013, Activist Insight’s sister business, Proxy Insight, was co-founded by Nick Dawson and Nick Arnott. All quotes delayed a minimum of 15 minutes. Ask Israel, Nikola and the Race to Find the Next Tesla, Justice Ginsburg’s Death Sparks Supreme Court Vacancy Debate, ‘Schitt’s Creek,’ ‘Watchmen’ and ‘Succession’ Win Emmys 2020, The Risks of Rushing a Coronavirus Vaccine, News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Barring a change of course from CoreLogic, we look forward to communicating further with shareholders in advance of the record date about why new independent directors are needed in the CoreLogic boardroom.”, CERTAIN INFORMATION CONCERNING THE PARTICIPANTS. Bill Foley, Cannae's chairman, is also chairman of title insurer Fidelity National Financial Inc FNF.N, and has over three decades of experience as an executive in the financial services industry. Q2 2020 hedge fund letters, conferences and more, The debate over active versus passive management continues as trends show the ongoing shift from active into passive funds. In its second-ever short report, Mariner Research targeted Timbercreek Financial, claiming the Canadian lender has a “tenuous” business model and hidden balance sheet risks. ALL RIGHTS RESERVED. As previously noted, the Company has advised proxy voting service providers of two record dates – September 18th, 2020 and September 24th, 2020 – for determining shareholders entitled to vote at its November 17th, 2020 Special Meeting. So far two sides have not had any discussions, and CoreLogic is in the process of hiring advisers to review the offer, according to people familiar with the deliberations. This is because they regard this as best practice in corporate governance, rather than identifying a conflict with any of CoreLogic’s directors, one of the sources added. Cannae last year was part of an investment group that acquired data and analytics company Dunn & Bradstreet Corp for $6.9 billion. Senator Investment Group LP, Cannae Holdings, Inc. and the other Participants (as defined below) have filed a definitive solicitation statement and an accompanying GOLD special meeting request card with the Securities and Exchange Commission (the “SEC”) on August 19, 2020 to be used in connection with the solicitation of revocable proxies to empower the Participants to call a special meeting of stockholders (the “Special Meeting”) of CoreLogic, Inc., a Delaware corporation (the “Company”). Several of the Company’s major shareholders have already voted with their feet. How will Seafox International fare in its push for two board seats at Gulf Marine Services’ meeting today? Mariner added Timbercreek is poised to lose half of its current market value as the impact of COVID-19 will “lay bare the company’s underwriting and put its dividend in jeopardy.” After examining the company’s business and financial statements, Mariner claimed Timbercreek “is not receiving enough capital back at the end of each year to grow the loan book and service the dividend without external financing.” Moreover, the company’s operating and investing outflows over the past five years have exceeded its operating and investing inflows by CA$71 million. And how will Petropavlovsk shareholders vote regarding Prosperity Capital Management’s six-member slate at the meeting on Monday? © 2020 VALUEWALK LLC. })(); ValueWalk.com is a highly regarded, non-partisan site – the website provides unique coverage on hedge funds, large asset managers, and value investing.