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. (NYSE: CNNE) is a Nevada-based holding company that acquires interests in operating businesses and takes an active role in managing a core group of those companies. This news page aggregates company-issued updates and regulatory-related announcements so readers can follow how Cannae describes the evolution of its strategy, portfolio, and governance over time.
Recent Cannae news has focused on its strategic transformation as a permanent capital vehicle, including a shift in its portfolio toward proprietary private investments, the disposition of its equity interest in Dun & Bradstreet Holdings, Inc., and plans for using transaction proceeds for share repurchases, dividends, debt reduction, and new investments. The company also regularly announces quarterly financial results and related conference calls, providing insight into how management discusses performance and capital allocation.
Governance and shareholder matters are another recurring theme in Cannae’s news flow. The company has reported on its annual meetings of shareholders, board declassification, changes to its Articles of Incorporation and bylaws, and board composition, including the addition of new independent directors. Cannae’s communications also describe an ongoing proxy contest with Carronade Capital, outlining the company’s perspective on board nominees and governance proposals.
Visitors to this page can review press releases on dividends, earnings release dates, portfolio transactions, and shareholder meetings, alongside references to related SEC filings. For investors and analysts tracking CNNE, this news feed offers a centralized view of Cannae’s own disclosures about its long-term investment approach, capital returns to shareholders, and governance developments.
Paysafe Limited (NYSE: PSFE) disclosed that Cannae Holdings, Inc. (NYSE: CNNE) purchased approximately 5.7 million shares of its common stock for about $22.2 million in December 2021. This acquisition increased Cannae's holdings to 59,758,641 shares, representing 8.26% of Paysafe's outstanding shares. The announcement follows a previous report of Paysafe leadership purchasing approximately 737,000 shares in late 2021. The transaction aims to reflect Cannae's confidence in the direction of Paysafe.
Cannae Holdings (NYSE: CNNE) has led a $270 million funding round in Sightline Payments, investing $240 million. This follows a $32 million investment in 2021, valuing Sightline over $1 billion post-money. Sightline, a leader in cashless gaming solutions, has over 1.5 million accounts and is positioned for growth in the expanding digital payments market within the gaming industry. Cannae's Chairman, William P. Foley, II, expressed confidence in Sightline's potential to lead in the digital transformation of North American gaming.
Sightline Payments has successfully completed a $244 million funding round, establishing itself as Nevada's first fintech unicorn with a valuation exceeding $1 billion. This funding follows an earlier round of $100 million in April 2021. Major investors include Cannae Holdings and Genting Group. Sightline, a leader in digital payments for the gaming industry, aims to enhance cashless options in casinos. With over 1.5 million accounts, the company is well-positioned for growth in a market expected to exceed $150 billion in the coming years.
Cannae Holdings, Inc. (NYSE:CNNE) released its second quarter 2021 financial results on August 5, 2021. An earnings call will follow at 5:00 PM ET, accessible by phone or webcast. Cannae is actively managing a portfolio of companies, with notable investments including Dun & Bradstreet (16% interest), Ceridian (8% interest), and Paysafe (7.5% interest). The company, led by William P. Foley, II, focuses on maximizing the value of its holdings and has a history of creating substantial public companies, aiming for superior financial performance.
Cannae Holdings, Inc. (NYSE:CNNE) will release its second quarter 2021 financial results after market close on August 5, 2021. A conference call to discuss these results is scheduled for 5:00 PM ET the same day. Investors can access the call via phone or online through Cannae's website. The Company is led by William P. Foley, II, known for building over $140 billion in publicly traded companies. Cannae holds significant interests in Dun & Bradstreet, Ceridian, Paysafe, and Alight, reflecting its strategy of maximizing asset value through strategic investments.
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.
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