STOCK TITAN

Cannae Holdings - CNNE STOCK NEWS

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. (symbol: CNNE) is a principal investment firm headquartered in Las Vegas, Nevada. Specializing in a diverse array of sectors including restaurants, technology-enabled healthcare services, and financial services, Cannae Holdings takes both minority and majority stakes in its investments. The company operates through several reportable segments including the Restaurant Group, Dun & Bradstreet, Alight, BKFE, and Corporate and Other Affiliate Elimination.

The Restaurant Group segment, which includes operations of O'Charley's and Ninety Nine Restaurants, constitutes a significant portion of the company's revenue. This segment underscores Cannae's strategic focus on consumer-facing businesses and its ability to manage large-scale restaurant operations effectively.

In the technology and financial services sector, Cannae Holdings has substantial investments in companies like Dun & Bradstreet and Alight. These investments highlight the company's commitment to leveraging data analytics and human capital management solutions to drive value creation. Dun & Bradstreet, a leader in commercial data and analytics, and Alight, known for its comprehensive human resources and business solutions, are pivotal to the company's diversified portfolio.

Cannae Holdings continues to seek new opportunities for growth and value maximization through strategic acquisitions and partnerships. The firm's flexible investment approach allows it to adapt to market changes and capitalize on emerging trends. With a solid financial foundation and a proactive management team, Cannae Holdings is well-positioned for continued success in its various business ventures.

Recent achievements and ongoing projects demonstrate the company's dynamic nature and its ability to enhance shareholder value through thoughtful investment strategies. As Cannae Holdings navigates the complex investment landscape, it remains focused on building a robust portfolio that delivers sustainable returns.

Rhea-AI Summary

Cannae Holdings, Inc. (CNNE) has declared a quarterly cash dividend of $0.12 per share, payable on June 28, 2024, to shareholders of record as of June 14, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.63%
Tags
dividends
-
Rhea-AI Summary

Cannae Holdings, Inc. (NYSE: CNNE) has released its first quarter 2024 financial results, available on its website. A conference call is scheduled to discuss the results at 5:00pm ET on May 9, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.63%
Tags
-
Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) announces the release of its first quarter 2024 financial results on May 9, 2024, followed by a conference call to discuss the results. Investors can access the conference call via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.91%
Tags
Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) successfully completed a 'Dutch auction' tender offer to purchase $200 million of its common stock. The Company accepted 9,672,540 shares at $22.95 per share, totaling approximately $222.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
Tags
none
-
Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) announced preliminary results of its modified 'Dutch auction' tender offer to purchase up to $200 million of its outstanding shares of common stock. The Offer expired on April 1, 2024, with 9,682,505 shares properly tendered at a price of $22.95 per share, totaling approximately $222.2 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
Tags
none
-
Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) announces a tender offer to purchase up to $200 million of its common stock through a modified Dutch auction. The offer allows shareholders to sell shares within a price range of $20.75 to $23.75 per share. The Company aims to reduce the discount its shares trade to net asset value, drive shareholder value, and accelerate its share repurchase program. The Offer is not contingent on financing and expires on April 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.64%
Tags
none
Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) expands its board to twelve members by electing Doug Ammerman, a retired partner of KPMG LLC, as an independent director. Mr. Ammerman will serve until the next annual meeting and be nominated for a two-year term. The move aims to enhance the board's expertise and deliver shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.5%
Tags
management
-
Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) announces the wind-down of its Management Services Agreement with Trasimene Capital Management, LLC, aligning management with shareholders. The agreement includes a fixed management fee, termination fee, and changes in executive roles. The transactions are expected to be marginally accretive to Net Asset Value Per Share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
Tags
none
-
Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) has released its fourth quarter and full year 2023 financial results, available on their website. A conference call is scheduled to discuss the results on February 21, 2024, at 5:00pm ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.61%
Tags
Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) announces a strategic partnership with JANA Partners to drive shareholder value through sourcing new control acquisitions and enhancing returns. The partnership includes a minority equity ownership exchange and a commitment to invest at least $50 million into JANA funds.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.61%
Tags
partnership

FAQ

What is the current stock price of Cannae Holdings (CNNE)?

The current stock price of Cannae Holdings (CNNE) is $20.04 as of February 28, 2025.

What is the market cap of Cannae Holdings (CNNE)?

The market cap of Cannae Holdings (CNNE) is approximately 1.2B.

What is Cannae Holdings, Inc.?

Cannae Holdings, Inc. is a principal investment firm based in Las Vegas, Nevada, specializing in sectors like restaurants, healthcare services, and financial services.

What industries does Cannae Holdings primarily invest in?

Cannae Holdings primarily invests in restaurants, technology-enabled healthcare services, and financial services.

What are the main business segments of Cannae Holdings?

The main business segments are Restaurant Group, Dun & Bradstreet, Alight, BKFE, and Corporate and Other Affiliate Elimination.

Which segment generates the most revenue for Cannae Holdings?

The Restaurant Group segment, which includes O'Charley's and Ninety Nine Restaurants, generates the most revenue.

What companies are included in Cannae Holdings' investment portfolio?

The investment portfolio includes companies such as Dun & Bradstreet and Alight, among others.

Where is Cannae Holdings headquartered?

Cannae Holdings is headquartered in Las Vegas, Nevada.

Does Cannae Holdings take both minority and majority stakes in investments?

Yes, Cannae Holdings takes both minority and majority stakes in its investments.

What recent achievements has Cannae Holdings made?

Recent achievements include strategic acquisitions and successful management of its diversified portfolio, enhancing shareholder value.

How does Cannae Holdings enhance value creation?

Cannae Holdings enhances value through a flexible investment approach, strategic acquisitions, and partnerships, focusing on sustainable returns.

What is the significance of Cannae Holdings' investment in Dun & Bradstreet and Alight?

Investments in Dun & Bradstreet and Alight showcase Cannae's commitment to leveraging data analytics and human capital management solutions.
Cannae Holdings

NYSE:CNNE

CNNE Rankings

CNNE Stock Data

1.23B
56.55M
9.88%
82.17%
1.48%
Restaurants
Retail-eating & Drinking Places
Link
United States
LAS VEGAS