Welcome to our dedicated page for Cannae Holdings news (Ticker: CNNE), a resource for investors and traders seeking the latest updates and insights on Cannae Holdings stock.
Cannae Holdings, Inc. (NASDAQ: CNNE) provides investors with strategic updates through this dedicated news hub tracking its diversified portfolio across restaurants, healthcare technology, and financial services. Access official press releases and curated analysis covering earnings announcements, acquisition activity, and operational developments in core segments including O'Charley's restaurants and Alight healthcare solutions.
This resource serves as a centralized repository for monitoring CNNE's active management approach, offering insights into how the holding company creates value through strategic investments and operational improvements. Users will find updates on key subsidiaries like Dun & Bradstreet alongside broader corporate initiatives.
Bookmark this page for real-time updates on financial performance, leadership changes, and market positioning. Check regularly for developments impacting CNNE's growth in technology-driven sectors and its role as a principal investment firm.
Cannae Holdings (NYSE: CNNE) has announced plans to utilize at least $460 million from its upcoming Dun & Bradstreet (DNB) sale proceeds. The allocation includes:
- At least $300 million for common stock repurchases via tender offer
- $60 million reserved for future quarterly dividends
- $101 million for retiring existing margin loan debt
The company holds 69.1 million DNB shares, representing $632 million in expected cash proceeds. This strategic move will utilize approximately 72% of the expected DNB sale proceeds for shareholder returns and debt reduction. The DNB transaction is anticipated to close in Q3 2025, subject to customary conditions.
Cannae Holdings (NYSE: CNNE) has announced its support for the sale of Dun & Bradstreet (DNB), where it holds a 16% stake (69.1 million shares). The transaction is expected to generate approximately $632 million in cash proceeds for Cannae and close in Q3 2025.
The company has significantly expanded its share buyback program, authorizing the repurchase of up to 23 million shares through March 2028, combining 10 million new shares with 12.95 million remaining from prior authorizations. Under the DNB Voting and Support Agreement, Cannae can sell up to 10 million DNB shares before the transaction closes.
Additionally, Cannae plans to transition to a declassified board structure with annual director elections, with a proposal to be presented at the 2025 shareholder meeting. The company aims to minimize its stock's net asset value discount and return significant capital to shareholders through buybacks.
Cannae Holdings (NYSE: CNNE) has responded to Carronade Capital's statement and director nomination, highlighting significant actions taken to enhance shareholder value. In February 2024, the company appointed William P. Foley, II as CEO and implemented a three-pronged strategy focusing on: capital returns to shareholders, portfolio rebalancing, and improving portfolio company performance.
Key achievements include:
- Returning $738 million to shareholders since March 2021, including a recent Dutch auction repurchasing 13.4% of shares for $222 million
- Initiating a quarterly dividend of $0.12 per share
- Raising approximately $470 million through public portfolio company share sales
- Acquiring a 53% stake in Watkins Company for $80 million
- Establishing a strategic partnership with JANA Partners
The company has demonstrated progress in portfolio management, including successful exits from Dayforce with a 5x return on investment, and improvements in portfolio companies like Dun & Bradstreet, where EBITDA grew from $569 million in 2018 to $927 million in 2024.
Cannae Holdings (NYSE: CNNE) has announced the release of its fourth quarter and full year 2024 financial results, which are available on the company's website at www.cannaeholdings.com. The company will host a conference call on February 24, 2025, at 5:00 PM Eastern Time to discuss these results.
Investors can access the conference call by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international). A telephonic replay will be available until March 10, 2025, accessible via 1-844-512-2921 (domestic) or 1-412-317-6671 (international) using access code 10195808. Additionally, a simultaneous webcast will be available on the company's website with a -time replay option.
Cannae Holdings (NYSE: CNNE) has announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per share. The dividend payment is scheduled for March 31, 2025, and will be distributed to shareholders who are on record as of March 17, 2025.
Cannae Holdings (NYSE: CNNE) has scheduled its fourth quarter and full year 2024 earnings release for Monday, February 24, 2025, after market close. The company will host a conference call at 5:00 pm Eastern Time on the same day to discuss the financial results.
Investors can access the conference call by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international). A telephonic replay will be available until March 10, 2025, accessible at 1-844-512-2921 (domestic) or 1-412-317-6671 (international) using access code 10195808. Additionally, a simultaneous webcast will be available on the company's website at www.cannaeholdings.com, with an online replay available immediately following the call.
Cannae Holdings (NYSE: CNNE) has announced its third quarter 2024 financial results, which have been posted to the company's website at www.cannaeholdings.com. The company will host a conference call on November 12, 2024, at 5:00pm ET to discuss the results. Investors can access the call by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international). A replay will be available until November 26, 2024, and can be accessed via phone or through a webcast on the company's website.
Cannae Holdings (NYSE: CNNE) has announced a quarterly cash dividend of $0.12 per share. The dividend will be distributed to shareholders of record as of December 17, 2024, with the payment scheduled for December 31, 2024.
Cannae Holdings announced it will release its third quarter 2024 financial results after market close on Tuesday, November 12, 2024. The company will host a conference call at 5:00 pm Eastern Time to discuss the results. Investors can access the call by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international). A replay will be available until November 26, 2024, accessible via 1-844-512-2921 (domestic) or 1-412-317-6671 (international) with access code 10192308. A simultaneous webcast will be available on www.cannaeholdings.com with an online replay following the call.
Cannae Holdings (NYSE: CNNE) and KDSA Investment Partners have agreed to acquire a majority stake in The Watkins Company, a 156-year-old American heritage brand known for high-quality flavoring products. The transaction, expected to close in October 2024, aims to drive growth and innovation in Watkins' portfolio of spices, seasonings, and extracts.
Watkins is positioned as a premium yet affordable brand in the fast-growing spices and seasonings category, which benefits from long-term consumer trends. The current majority owner, Mark Jacobs, will retain a significant equity stake. The partnership seeks to leverage Cannae and KDSA's resources and experience to expand Watkins' reach and explore new growth opportunities in retail and other channels.
William P. Foley, II, Chairman and CEO of Cannae, expressed enthusiasm for the investment in one of the fastest-growing segments of the U.S. food industry. The acquisition aligns with Cannae's strategy of making private investments in promising sectors.
