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(Reuters) - U.S. property data and analytics company CoreLogic Inc has asked peer CoStar Group Inc for more assurances that it can complete their combination should it attract antitrust scrutiny, people familiar with the matter said.
CoStar unveiled a $6.9 billion all-stock bid for CoreLogic earlier this month, after the latter agreed to sell itself to a private equity consortium of Stone Point Capital and Insight Partners for about $6 billion.
CoreLogic has informed CoStar it would be willing to declare its bid superior and abandon its deal with the private equity firms if CoStar provides more certainty that the transaction will be completed expeditiously, the sources said.