CoreLogic® (NYSE:CLGX), a leading global property information, analytics and data-enabled solutions provider, today announced that its Board of Directors has authorized the Company to repurchase up to $500 million of outstanding shares of its common stock. The authorization, which commences on October 27, 2016, has no expiration date and supersedes the Company’s previous share repurchase authorization.
“The Company has returned almost $1 billion in capital to our shareholders in the form of share repurchases over the past six years. We are targeting to repurchase at least 5.1 million shares over the balance of this year and in 2017,” said Frank Martell, chief operating officer of CoreLogic.
About CoreLogic
CoreLogic (NYSE:CLGX) is a leading property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.