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Age : 71
Public asset : 118,387,832 USD
Biography : Parker S. Kennedy is a businessperson who has been at the helm of 7 different companies and presentl

CoreLogic shareholder Kennedy Enterprises to vote against takeover bid

10/05/2020 | 12:51pm EST

(Reuters) - CoreLogic Inc shareholder Kennedy Enterprises said on Monday it will vote against the proposed takeover bid from investment firms Cannae Holdings 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.

(Reporting by Ayanti Bera in Bengaluru; Editing by Shinjini Ganguli)

© Reuters 2020 / Crédit photo © Maxppp
Stocks mentioned in the article
ChangeLast1st jan.
FIRST AMERICAN FINANCIAL CORPORATION -0.18% 49.32 Delayed Quote.-15.43%
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