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Highfields Capital Comments on CoreLogic Announcement to Explore Alternatives to Enhance Shareholder Value

^{Published on 2011-08-29 15:41:32 - Market Wire}
 

BOSTON--([ BUSINESS WIRE ])--Highfields Capital Management (aHighfieldsa), the owner of 7.7% of the outstanding shares of CoreLogic, Inc. (NYSE: CLGX), today made the following comment in response to CoreLogica™s announcement that it has formed a committee of independent directors to explore alternatives to enhance shareholder value.

Jonathon S. Jacobson, Chief Executive Officer of Highfields, stated: aWe are pleased that the CoreLogic Board has taken the important first step of initiating a formal process to explore alternatives to maximize shareholder value and we look forward to a prompt and thorough process. As a long-standing shareholder, we are convinced that the best possible way to serve the interests of all shareholders is through a sale of the company to a strategic or financial buyer, of which we think there are many. We have made our views clear to the Board and management and will await the outcome with interest.a

Highfields Capital, founded in 1998 and located in Boston, MA, is a value-oriented investment manager which manages private investment funds for endowments, charitable and philanthropic foundations, pension funds and other institutional and private investors. Highfields investment funds have over $11 billion in net capital invested worldwide in public and private companies across a wide variety of industries and security types.