Stone Point Capital and Insight Partners will acquire global property information, data and analytics firm CoreLogic for about $6 billion, signaling an end to a competitive sale process initiated last summer by activist investors from Cannae Holdings and Senator Investment Group.

CoreLogic announced today that its Board of Directors had unanimously approved a definitive merger agreement with the two firms in which they acquire all of its outstanding shares for $80 per share in cash.  That accounts for an equity value of approximately $6 billion. In a statement, the firms said that value represents a 51% premium to CoreLogic's unaffected share price in June.

The Wall Street Journal had previously reported that a deal was nearing, but noted that the outcome is surprising given that much attention had focused on other firms, including CoreLogic's main competitor CoStar Group and private equity firm Warburg Pincus LLC.  The fight over CoreLogic's future began in June, when Cannae and Senator offered $7 billion for the company, including debt. Bloomberg previously reported that CoreLogic's board rejected the proposal, as well as a second offer at $66 a share, saying that it undervalued the company.