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) has announced a $350 million investment in the merger of Foley Trasimene Acquisition Corp. II and Paysafe Group, expanding its total stake in the deal to approximately $500 million. This includes a forward purchase agreement of $150 million. The merger, which values Paysafe at an implied $9 billion, is expected to close in the first half of 2021, pending stockholder approval and regulatory conditions. Cannae will receive over 54 million common shares and 8 million warrants, positioning it significantly in the emerging payments sector.
Cannae Holdings, Inc. (NYSE:CNNE) announced the promotion of David Ducommun to President, effective January 1, 2021, succeeding Brent Bickett, who transitions to Strategic Advisor. Ducommun, previously Executive Vice President, Corporate Finance, has over 20 years of experience, including roles in mergers and acquisitions at FNF and Bank of America. Chairman William P. Foley, II congratulated Ducommun for his leadership and contributions, emphasizing the company's focus on strategic investments for growth.
Cannae Holdings, Inc. (NYSE:CNNE) announced the transition of Brent B. Bickett from President to Senior Advisor, effective December 31, 2020. Chairman William P. Foley II praised Bickett for his 21 years of service, particularly in M&A leadership. Bickett expressed gratitude for his time at Cannae and enthusiasm for his new role, which will include assisting in ongoing investments and pursuing independent opportunities. Cannae focuses on managing companies and assets to enhance financial performance, with major holdings including approximately 18% in Dun & Bradstreet and 9.5% in Ceridian.
Senator Investment Group and Cannae Holdings, Inc. (NYSE: CNNE) have requested CoreLogic, Inc. (NYSE: CLGX) to set a record date for a potential solicitation to remove and replace six directors. This action aims to hold CoreLogic accountable amid what they describe as unexplainable delays in the company's decision-making process. If necessary, they could initiate changes as early as December. Senator and Cannae currently own approximately 9.20% of CoreLogic's outstanding shares, representing a significant stakeholder interest.
Senator Investment Group LP and Cannae Holdings, Inc. (CNNE) announced that shareholders have voted to remove CoreLogic, Inc.'s longest-tenured directors and replace them with nominees from Senator and Cannae. Over 86% of the votes favored the new directors: W. Steve Albrecht, Wendy Lane, and Henry W. 'Jay' Winship. Additionally, approximately 50% of the votes supported the removal of CoreLogic Chairman Paul Folino. This decision reflects shareholder demand for increased engagement and value maximization from CoreLogic's Board.
Cannae Holdings, Inc. (NYSE:CNNE) announced the sale of 2,139,227 shares of Ceridian HCM Holding Inc. at $93.00 per share, totaling approximately $198.9 million in gross proceeds. This transaction was executed under Rule 144 of the Securities Act of 1933. Cannae's strategic focus includes managing and operating a portfolio of companies, aiming for superior financial performance. The firm holds significant interests in Dun & Bradstreet and Ceridian, enhancing its investment portfolio.
Cannae Holdings, Inc. (NYSE:CNNE) has released its third quarter 2020 financial results, available on their investor relations website. The company remains focused on managing and operating a diverse range of companies and investments, aiming for superior financial performance. Cannae holds significant stakes in Dun & Bradstreet (DNB) and Ceridian (CDAY), with approximately 18% and 11% ownership, respectively. The firm is led by William P. Foley, II, known for his success in creating over $100 billion in publicly traded companies.
Senator Investment Group and Cannae Holdings (NYSE: CNNE) announced that Institutional Shareholder Services (ISS) has recommended shareholders vote for their nominees and remove CoreLogic’s longest-tenured directors due to concerns over board performance and shareholder value maximization. ISS criticized CoreLogic for failing to run a legitimate sales process and questioned management accountability. ISS emphasized that new directors would enhance governance and the potential for value maximization amid increasing acquisition interest. The proxy vote is scheduled for November 17, 2020.
Senator Investment Group and Cannae Holdings have nominated nine candidates for the CoreLogic Board of Directors, emphasizing their intention to maximize shareholder value. The nominees assert their independence from the nominating firms and commit to evaluating all offers objectively. They encourage shareholders to vote for their election using the GOLD Proxy Card. The Special Meeting for these elections is scheduled for November 17, 2020, with the nominees urging shareholders to support two by-law proposals as well.
Senator Investment Group and Cannae Holdings have issued a statement regarding CoreLogic, emphasizing their desire for a legitimate sales process. CoreLogic is reportedly engaging with potential buyers at a valuation of at least $80 per share. However, concerns persist about the company's commitment to a fair process, as recent reports indicate potential acquirers have faced delays. As the largest shareholder, Senator plans to elect independent director candidates to ensure shareholder interests are prioritized. They encourage stakeholders to vote in support of their proposals at the special meeting on November 17, 2020.
