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, Inc. (NYSE:CNNE) announced it has terminated a $75 million forward purchase agreement and agreed to a $200 million equity backstop for the merger between Trebia Acquisition Corp. and System1. This commitment will support future shareholder redemptions. The transaction is set to provide $175 million in cash to System1, aimed at growth and acquisitions. The combined company will have a post-money enterprise value of $1.4 billion. Cannae retains a 15% economic interest in Trebia's founder shares and anticipates closing the deal in Q4 2021.
Cannae Holdings, Inc. (NYSE:CNNE) announced that Foley Trasimene Acquisition Corp. (NYSE:WPF) has scheduled a Special Meeting on June 30, 2021, to approve the proposed business combination with Alight Solutions. If approved, the transaction's closing is anticipated soon after, pending any remaining conditions. William P. Foley II emphasized the significance of Alight as a crucial platform for employee engagement on benefits, including health and payroll. The definitive proxy statement is available on both Foley Trasimene's and the SEC's websites for stockholder review.
Cannae Holdings, Inc. (NYSE:CNNE) announced the sale of 2,000,000 shares of common stock of Ceridian HCM Holding Inc. at a price of $87.50 per share, generating gross proceeds of $175,000,000. This sale was conducted under Rule 144 of the Securities Act of 1933. Cannae, led by William P. Foley, II, manages and operates a diverse portfolio of companies and investments, including significant stakes in Dun & Bradstreet and Paysafe.
Cannae Holdings, Inc. (NYSE:CNNE) announced its first quarter 2021 financial results, now available on its investor relations website.
A conference call is scheduled for today, May 10, 2021, at 5:00 PM ET to discuss these results, accessible by phone or via webcast. Cannae is managing a diverse portfolio including significant stakes in Dun & Bradstreet (17.7%), Ceridian (9.4%), and Paysafe (7.5%).
Cannae Holdings, Inc. (NYSE:CNNE) will release its first quarter 2021 financial results on May 10, 2021, after market close. A conference call is scheduled for 5:00 PM ET the same day to discuss these results. Investors can access the call by dialing 1-877-300-8521 (domestic) or 1-412-317-6026 (international). A telephonic replay will be available after two hours of the call until May 17, 2021. Additionally, a live webcast of the call will be accessible on the Company’s website for further investor engagement.
Cannae Holdings (NYSE:CNNE) has announced a $32 million investment in Sightline Payments as part of a $100 million funding round. This investment reflects growing consumer interest in online gaming, with the combined sports betting and online casino market projected to rise from $3 billion in 2020 to $22 billion by 2026. Sightline’s Play+ solution is gaining traction, boasting over 1.5 million enrolled accounts, and is positioned to meet the demand for cashless payment options in a $90 billion revenue market.
Cannae Holdings, Inc. (NYSE: CNNE) has completed a $500 million investment linked to the business combination between Paysafe Group and Foley Trasimene Acquisition Corp. II. Cannae's contribution includes a $350 million private placement and a $150 million forward purchase agreement, acquiring 54,294,395 shares at an implied cost of $9.11 each. The newly formed entity, Paysafe Limited, will trade under the ticker symbols 'PSFE' and 'PSFE.WS'. Cannae's Chairman, William P. Foley, II, will lead Paysafe's Board of Directors, aiming for accelerated growth in the payments industry.
Cannae Holdings (NYSE: CNNE) announced that stockholders of Foley Trasimene Acquisition Corp. II (NYSE: BFT) approved a business combination with Paysafe Group. The transaction is set to close on March 30, 2021, pending customary conditions. Post-combination, the new entity will operate as Paysafe and trade under the ticker 'PSFE' starting March 31. Cannae, founded by William P. Foley, II, manages equity investments, with significant stakes in Dun & Bradstreet and Ceridian.
Cannae Holdings, Inc. (NYSE:CNNE) has announced a forward purchase agreement with Austerlitz Acquisition Corporation II (ASZ), planning to acquire 12,500,000 Class A ordinary shares and 3,125,000 redeemable warrants for a total of $125 million. This investment aligns with ASZ's upcoming business combination. Additionally, Cannae invested $29.6 million in ASZ for warrants during its IPO. ASZ completed its IPO, raising $1.38 billion, with shares listed under the ticker ASZ.U. Cannae owns about 20% of ASZ's sponsor and holds around 3% of outstanding shares post-offering.
Cannae Holdings (NYSE: CNNE) has announced a forward purchase agreement with Austerlitz Acquisition Corporation I (AUS) to acquire 5,000,000 Class A ordinary shares and 1,250,000 warrants for a total of $50 million. The investment aims to enhance Cannae’s portfolio as AUS completes its IPO of 69,000,000 units, including over-allotment options. Cannae retains a 10% limited partnership interest in AUS's sponsor, with existing holdings in companies like Dun & Bradstreet and Ceridian. The transaction reflects Cannae's strategic approach to maximize value through equity investments.
