Is CoreLogic's board open to all pathways to create value?
Specifically addressing the hostile bid for the company, after reiterating CoreLogic's board is "open to all pathways to create value," Martell then said, "Senator's and Cannae's continuing shifting stream of misinformation in support of their opportunistic attempts to acquire CoreLogic deliberately ignores the facts."
Will CoreLogic deliver more value to shareholders than this opportunistic proposal?
"We are unanimous in our belief that CoreLogic will be able to deliver significantly more value to shareholders than this opportunistic proposal," Chairman Paul Folino said in a press release.
How much is CoreLogic really worth?
The two entities, which combined hold a 15% stake in CoreLogic, made their play in the spring by offering to pay $65 per share in cash for a total estimated enterprise value of $7 billion.
What happened to CoreLogic's stock after the takeover bid?
Between the date when the takeover bid became public, on June 26, and July 20, the company's stock had traded around the price offered by Senator and Cannae. "We are open to continuing our dialogue, but we are focused on delivering superior shareholder value by executing on our plan," the CoreLogic press release added.
What is the case of Harriett Mitchell v. CoreLogic?
On December 29, 2017, Plaintiff Harriett Mitchell filed a putative class and collective action complaint on behalf of herself and other residential staff appraisers against CoreLogic Valuation Solutions, Inc. and Platinum Valuation Services, LLC (“CoreLogic”) in the District Court for the Central District of California, in the matter entitled Harriett Mitchell, et al. v. CoreLogic Valuation Solutions, Inc., Case No. 8:17-cv-02274-DOC-DFM (the “Action”). The Action asserts claims that CoreLogic violated state and federal wage and hour laws by, among other things, allegedly failing to pay for all overtime hours worked by Class Members during the Class Period.
When did CoreLogic compel arbitration?
On April 9, 2019, the Court granted CoreLogic’s motion to compel arbitration of those opt-in plaintiffs who had signed an Employment Application or Resignation and Separation Agreement containing an arbitration provision. In response, you may have elected to initiate arbitration by filing a Demand for Arbitration (“Arbitration”).
How to opt out of the Social Security settlement?
If you do not wish to participate in this Lawsuit or receive a payment from the Settlement, you may be excluded (i.e., “opt out”) by sending a timely letter in writing that contains your name, address, telephone number, last four digits of your Social Security number as well as your signature (“Request for Exclusion”) to Settlement Administrator . The Request for Exclusion must be signed, dated and mailed, postmarked no later than July 24, 2020. You should mail your exclusion request to:
What happens if you don't submit a request for exclusion?
Requests for Exclusion that do not include all required information and/or that are not timely submitted may be deemed null, void, and ineffective. Whether you desire to participate in the Lawsuit or not, all potential Class Members who fail to submit a valid and timely Request for Exclusion on or before the above-specified deadline shall be bound by all terms of the Settlement, the release at Question 6, above, and any Final Judgment entered in the Lawsuit if the Court approves the Settlement.
Why did CoreLogic reject the bid?
CoreLogic turned down the bid, citing Cannae chair Foley's ties to other companies within the sector.
Who threatened to replace the board of CoreLogic?
Senator and Cannae threatened to replace the board of the company if CoreLogic continued to refuse to have discussions about the takeover.#N#"If these are not just delay tactics, the company has the opportunity now to promptly call a special meeting in early October — the date shareholders could have reasonably expected a meeting before the company began all of this gamesmanship," Senator partner Quentin Koffey and Cannae Chief Executive Officer Richard Massey said a letter to CoreLogic, according to Bloomberg.#N#(Read full story here .)
Did CoreLogic reject the Cannae bid?
After Cannae and Senator upped their bid by just a dollar per share, CoreLogic rejected it.
Can CoreLogic cancel a meeting?
But in a statement, Cannae and Senator said CoreLogic told them it could unilaterally cancel that meeting at any time unless they went through the "cumbersome" solicitation process.
Is CoreLogic underperforming peers?
CoreLogic "underperformed peers by 145% over the past five years, consistently ranks in the bottom 4% of the entire Russell 3000 for missing market expectations, has not met any of its long-term targets and consistently produces negative organic growth," the letter stated.
Is CoreLogic open to all pathways to create value?
Specifically addressing the hostile bid for the company, after reiterating CoreLogic's board is "open to all pathways to create value," Martell then said, "Senator's and Cannae's continuing shifting stream of misinformation in support of their opportunistic attempts to acquire CoreLogic deliberately ignores the facts."
