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. issues updates as an investment holding company that acquires interests in operating companies and actively manages a core group of portfolio businesses. News commonly covers financial results, shareholder letters, quarterly cash dividends, share repurchase authorizations, and asset-level performance across holdings.
Company updates also address portfolio activity in Black Knight Football Club, including its professional football club interests and FC Lorient ownership, along with Cannae’s reported exposure to restaurant operations, Alight, and JANA.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Cannae Holdings and Trasimene Capital Management, sponsors of Austerlitz Acquisition Corporation II (ASZ), are seeking shareholder approval to redeem Class A ordinary shares for cash held in trust before December 31, 2022. Due to difficulties in securing a merger partner, the sponsors believe returning cash is in shareholders' best interests instead of waiting until ASZ's expiration on March 2, 2023. Currently, the trust holds $1,380 million, with expected return of $10.00 per share.
Cannae Holdings, Inc. (NYSE: CNNE) and Trasimene Capital Management are proposing to redeem Austerlitz Acquisition Corporation I's (NYSE: AUS) outstanding Class A ordinary shares before the 24-month deadline of March 2, 2023. With $690 million in trust, shareholders are expected to receive $10.00 per share. After extensive searches for merger partners, the Sponsors believe a successful merger is unlikely, prompting the decision to return funds instead of waiting for potential expiration. A special shareholder meeting is planned for November 2022 to vote on the redemption.