CoreLogic is a First American Spiningoff

Tuesday the mega firm First American is the second largest title company and is spinningoff its real estate data and consumer data business CoreLogic. CoreLogic is the largest despository of real estate and consumer data. This is all to happen on Tuesday.

The hope of First American and CoreLogic is that spiningoff the data company will increase the value of both companies stock. The current market of the combined companies is 4 billion. The suprise to me is that CoreLogic is valued at 2.5 billion while First American is valued at 1.5 billion. I would have guessed it would have been the other way around.

The belief is that it will grow in value faster separate than together. CoreLogic will be combining real estate data and consumer data in new ways. They are in a unique position of having both.

Tim Lorenz

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Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!