Filing Details

Accession Number:
0001193125-20-205250
Form Type:
13D Filing
Publication Date:
2020-07-31 08:41:37
Filed By:
Senator Investment Group
Company:
Corelogic Inc. (NYSE:CLGX)
Filing Date:
2020-07-31
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Senator Investment Group 0 7,941,190 0 7,941,190 7,941,190 9.99%
Senator Management 0 7,941,190 0 7,941,190 7,941,190 9.99%
Senator GP 0 7,941,190 0 7,941,190 7,941,190 9.99%
Senator Master GP 0 7,941,190 0 7,941,190 7,941,190 9.99%
Douglas Silverman 0 7,941,190 0 7,941,190 7,941,190 9.99%
Cannae Holdings, Inc 0 7,941,190 0 7,941,190 7,941,190 9.99%
Cannae Holdings 0 7,941,190 0 7,941,190 7,941,190 9.99%
Filing

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

 

 

CoreLogic, Inc.

(Name of Issuer)

Common Stock, par value $0.00001 per share

(Title of Class of Securities)

21871D103

(CUSIP Number)

 

Evan Gartenlaub

General Counsel

Senator Investment Group LP

510 Madison Avenue, 28th Floor

New York, New York 10022

(212) 376-4300

 

Michael L. Gravelle

Executive Vice President, General Counsel and Corporate Secretary

Cannae Holdings, Inc.

1701 Village Center Circle

Las Vegas, NV 89134

(703) 323-7330

With a copy to:

 

Richard M. Brand

Stephen Fraidin

Joshua A. Apfelroth

Cadwalader, Wickersham & Taft LLP

200 Liberty Street

New York, New York 10281

(212) 504-6000

 

Michael J. Aiello

Eoghan P. Keenan

Weil, Gotshal & Manges LLP

767 5th Avenue

New York, New York 10153

(212) 310-8000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

July 29, 2020

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box.  ☐

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

(Page 1 of 20 Pages)


CUSIP No. 21871D103    SCHEDULE 13D    Page 2 of 10 Pages

 

  1    

  NAME OF REPORTING PERSON

 

  Senator Investment Group LP

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  SOURCE OF FUNDS

 

  AF

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  ☐

  6    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

    7     

  SOLE VOTING POWER

 

  -0-

  8     

  SHARED VOTING POWER

 

  7,941,190

  9     

  SOLE DISPOSITIVE POWER

 

  -0-

  10     

  SHARED DISPOSITIVE POWER

 

  7,941,190

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  7,941,190

12    

  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ☐

13    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  9.99%(1)

14    

  TYPE OF REPORTING PERSON

 

  IA, PN

 

(1) 

Calculated based on 79,458,522 shares of common stock, $0.00001 par value per share (the Common Stock), of CoreLogic, Inc. (the Issuer), outstanding as of July 21, 2020, as reported in the Issuers Quarterly Report on Form 10-Q filed on July 27, 2020.


CUSIP No. 21871D103    SCHEDULE 13D    Page 3 of 10 Pages

 

  1    

  NAME OF REPORTING PERSON

 

  Senator Management LLC

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  SOURCE OF FUNDS

 

  AF

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  ☐

  6    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

    7     

  SOLE VOTING POWER

 

  -0-

  8     

  SHARED VOTING POWER

 

  7,941,190

  9     

  SOLE DISPOSITIVE POWER

 

  -0-

  10     

  SHARED DISPOSITIVE POWER

 

  7,941,190

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  7,941,190

12    

  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ☐

13    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  9.99%(1)

14    

  TYPE OF REPORTING PERSON

 

  OO

 

(1) 

Calculated based on 79,458,522 shares of Common Stock, outstanding as of July 21, 2020, as reported in the Issuers Quarterly Report on Form 10-Q filed on July 27, 2020.


CUSIP No. 21871D103    SCHEDULE 13D    Page 4 of 10 Pages

 

  1    

  NAME OF REPORTING PERSON

 

  Senator GP LLC

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  SOURCE OF FUNDS

 

  AF

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  ☐

  6    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

    7     

  SOLE VOTING POWER

 

  -0-

  8     

  SHARED VOTING POWER

 

  7,941,190

  9     

  SOLE DISPOSITIVE POWER

 

  -0-

  10     

  SHARED DISPOSITIVE POWER

 

  7,941,190

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  7,941,190

12    

  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ☐

13    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  9.99%(1)

14    

  TYPE OF REPORTING PERSON

 

  OO

 

(1) 

Calculated based on 79,458,522 shares of Common Stock, outstanding as of July 21, 2020, as reported in the Issuers Quarterly Report on Form 10-Q filed on July 27, 2020.


CUSIP No. 21871D103    SCHEDULE 13D    Page 5 of 10 Pages

 

  1    

  NAME OF REPORTING PERSON

 

  Senator Master GP LLC

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  SOURCE OF FUNDS

 

  AF

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  ☐

  6    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

    7     

  SOLE VOTING POWER

 

  -0-

  8     

  SHARED VOTING POWER

 

  7,941,190

  9     

  SOLE DISPOSITIVE POWER

 

  -0-

  10     

  SHARED DISPOSITIVE POWER

 

  7,941,190

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  7,941,190

12    

  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ☐

13    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  9.99%(1)

14    

  TYPE OF REPORTING PERSON

 

  OO

 

(1) 

Calculated based on 79,458,522 shares of Common Stock, outstanding as of July 21, 2020, as reported in the Issuers Quarterly Report on Form 10-Q filed on July 27, 2020.


CUSIP No. 21871D103    SCHEDULE 13D    Page 6 of 10 Pages

 

  1    

  NAME OF REPORTING PERSON

 

  Douglas Silverman

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  SOURCE OF FUNDS

 

  AF

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  ☐

  6    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  United States

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

    7     

  SOLE VOTING POWER

 

  -0-

  8     

  SHARED VOTING POWER

 

  7,941,190

  9     

  SOLE DISPOSITIVE POWER

 

  -0-

  10     

  SHARED DISPOSITIVE POWER

 

  7,941,190

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  7,941,190

12    

  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ☐

13    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  9.99%(1)

14    

  TYPE OF REPORTING PERSON

 

  IN

 

(1) 

Calculated based on 79,458,522 shares of Common Stock, outstanding as of July 21, 2020, as reported in the Issuers Quarterly Report on Form 10-Q filed on July 27, 2020.


CUSIP No. 21871D103    SCHEDULE 13D    Page 7 of 10 Pages

 

  1    

  NAME OF REPORTING PERSON

 

  Cannae Holdings, Inc.

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  SOURCE OF FUNDS

 

  AF

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  ☐

  6    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

    7     

  SOLE VOTING POWER

 

  -0-

  8     

  SHARED VOTING POWER

 

  7,941,190

  9     

  SOLE DISPOSITIVE POWER

 

  -0-

  10     

  SHARED DISPOSITIVE POWER

 

  7,941,190

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  7,941,190

12    

  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ☐

13    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  9.99%(1)

14    

  TYPE OF REPORTING PERSON

 

  CO

 

(1) 

Calculated based on 79,458,522 shares of Common Stock, outstanding as of July 21, 2020, as reported in the Issuers Quarterly Report on Form 10-Q filed on July 27, 2020.


CUSIP No. 21871D103    SCHEDULE 13D    Page 8 of 10 Pages

 

  1    

  NAME OF REPORTING PERSON

 

  Cannae Holdings, LLC

  2    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3    

  SEC USE ONLY

 

  4    

  SOURCE OF FUNDS

 

  WC

  5    

   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

 

  ☐

  6    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

    7     

  SOLE VOTING POWER

 

  -0-

  8     

  SHARED VOTING POWER

 

  7,941,190

  9     

  SOLE DISPOSITIVE POWER

 

  -0-

  10     

  SHARED DISPOSITIVE POWER

 

  7,941,190

11    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  7,941,190

12    

  CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES

 

  ☐

13    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

  9.99%(1)

14    

  TYPE OF REPORTING PERSON

 

  OO

 

(1)

Calculated based on 79,458,522 shares of Common Stock, outstanding as of July 21, 2020, as reported in the Issuers Quarterly Report on Form 10-Q filed on July 27, 2020.


CUSIP No. 21871D103    SCHEDULE 13D    Page 9 of 10 Pages

 

This Amendment No. 1 to Schedule 13D (this Amendment No. 1) relates to the Schedule 13D filed on June 30, 2020 (the Initial 13D and, together with this Amendment No. 1, the Schedule 13D) by the Reporting Persons, relating to the Common Stock of the Issuer. Capitalized terms used but not defined in this Amendment No. 1 shall have the meaning set forth in the Schedule 13D. This Amendment No. 1 amends Item 4, 5 and 7 as set forth below.

 

Item 4.

PURPOSE OF TRANSACTION

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following information:

On July 29, 2020, the Reporting Persons issued a press release (the Press Release) announcing their initiation of a process to call a special meeting of shareholders (a Special Meeting) to remove nine members of the Issuers Board of Directors and replace them with nine independent and highly accomplished directors: W. Steve Albrecht, Martina Lewis Bradford, Gail Landis, Wendy Lane, Ryan McKendrick, Katherine KT Rabin, Sreekanth Ravi, Lisa Wardell and Henry W. Jay Winship. The Press Release included an open letter to shareholders, in which the Reporting Persons reiterated their interest in engaging constructively with the Issuer regarding the Reporting Persons offer to acquire 100% of the outstanding shares of Common Stock of the Issuer for a price of $65.00 per share of Common Stock in cash. Furthermore, the Reporting Persons noted that they maintained an open mind as to the purchase price to be paid in any potential transaction, and invited the Company to demonstrate why the Reporting Persons should make an increased offer by providing the Reporting Persons with access to due diligence materials. The full text of the Press Release is attached hereto as Exhibit 4 and is incorporated herein by reference.

On July 30, 2020, the Reporting Persons filed with the Securities and Exchange Commission (the SEC) a preliminary solicitation statement for the purpose of soliciting revocable consents from shareholders of the Issuer to request a Special Meeting of shareholders. If the Reporting Persons succeed in calling the Special Meeting, the Reporting Persons expect to solicit proxies to vote in support of removing a majority of the incumbent members of the Board, and to vote in support of electing the nine nominees identified above.

 

Item 5.

INTEREST IN SECURITIES OF THE ISSUER

Item 5(a) of the Schedule 13D is hereby amended and restated by adding the following information:

 

(a)

See rows (11) and (13) of the cover pages to this Schedule 13D, which are incorporated by reference herein, for the aggregate number of shares of Common Stock and the percentage of the Common Stock beneficially owned by each of the Reporting Persons. The percentage reported in this Schedule 13D is calculated based upon the 79,458,522 shares of Common Stock outstanding as of July 21, 2020, as reported in the Issuers Quarterly Report on Form 10-Q filed on July 27, 2020. To Cannaes and Cannae Holdings knowledge, none of the Scheduled Persons beneficially own any shares of Common Stock.

 

Item 7.

MATERIAL TO BE FILED AS EXHIBITS

Item 7 of the Schedule 13D is hereby amended and supplemented by adding a reference to the following exhibit:

Exhibit 4: Press Release, dated July 29, 2020.


CUSIP No. 21871D103    SCHEDULE 13D    Page 10 of 10 Pages

 

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: July 30, 2020

 

SENATOR INVESTMENT GROUP LP

/s/ Evan Gartenlaub

Name: Evan Gartenlaub
Title: General Counsel
SENATOR MANAGEMENT LLC

/s/ Evan Gartenlaub

Name: Evan Gartenlaub
Title: General Counsel
SENATOR GP LLC

/s/ Evan Gartenlaub

Name: Evan Gartenlaub
Title: General Counsel
SENATOR MASTER GP LLC

/s/ Evan Gartenlaub

Name: Evan Gartenlaub
Title: General Counsel

/s/ Evan Gartenlaub as Attorney-in-Fact*

DOUGLAS SILVERMAN
CANNAE HOLDINGS, INC.

/s/ Michael L. Gravelle

Name: Michael L. Gravelle
Title: Executive Vice President, General Counsel and Corporate Secretary
CANNAE HOLDINGS, LLC

/s/ Michael L. Gravelle

Name: Michael L. Gravelle
Title: Managing Director, General Counsel and Corporate Secretary

 

*

Pursuant to a Power of Attorney attached to the Schedule 13G filed on April 24, 2013 by Senator Investment Group LP in respect of its ownership in Tamino Corporation.