CNNE

Cannae Holdings, Inc. Commences Cash Tender Offer to Purchase Up to $200 Million in Value of Shares of its Common Stock

Retrieved on: 
Friday, March 1, 2024

The Company believes that the Offer is consistent with its long-term goal of driving shareholder value and closing this gap.

Key Points: 
  • The Company believes that the Offer is consistent with its long-term goal of driving shareholder value and closing this gap.
  • However, the Offer is subject to a number of other terms and conditions, which are described in detail in the Offer to Purchase.
  • The Offer Materials contain important information that holders are urged to read before any decision is made with respect to the Offer.
  • THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER OR SOLICITATION TO PURCHASE SECURITIES.

Cannae Holdings, Inc. Expands Board of Directors

Retrieved on: 
Tuesday, February 27, 2024

Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that its Board of Directors voted to expand the size of its board to twelve members, and elected Doug Ammerman as an independent member of its Board of Directors, effective February 27, 2024.

Key Points: 
  • Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that its Board of Directors voted to expand the size of its board to twelve members, and elected Doug Ammerman as an independent member of its Board of Directors, effective February 27, 2024.
  • Mr. Ammerman, a retired partner of KPMG LLC, joins eleven current Cannae board members with extensive expertise and experience across multiple industries.
  • “I have worked with Doug for almost 20 years, and I am delighted to have him join Cannae’s Board of Directors,” noted William P. Foley, II, Chairman and Chief Executive Officer.
  • “Doug brings proven leadership, financial acumen, and strategic vision to an already talented group of directors.

Cannae Holdings, Inc. Announces Agreement to Wind Down Management Services Agreement

Retrieved on: 
Tuesday, February 27, 2024

Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that the Company has agreed to wind down its Management Services Agreement (“MSA”) with Trasimene Capital Management, LLC (“Trasimene”).

Key Points: 
  • Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that the Company has agreed to wind down its Management Services Agreement (“MSA”) with Trasimene Capital Management, LLC (“Trasimene”).
  • Cannae expects these transactions to be marginally accretive to Net Asset Value Per Share upon the effective date of July 2, 2024.
  • Mr. Foley commented, “The wind-down of the Trasimene management agreement demonstrates my clear intention of alignment with Cannae’s shareholders.
  • We firmly believe that this transition from an externally managed entity to bringing all management and investment functions into Cannae is the right course of action.

Cannae Holdings, Inc. Announces Strategic Partnership With JANA Partners

Retrieved on: 
Wednesday, February 21, 2024

Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced a strategic partnership with JANA Partners (“JANA”), an investment firm focused on creating value through shareholder engagement.

Key Points: 
  • Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced a strategic partnership with JANA Partners (“JANA”), an investment firm focused on creating value through shareholder engagement.
  • The strategic partnership will help Cannae drive shareholder value by sourcing new control acquisitions and similar strategic opportunities and will enhance returns for JANA’s investors by expanding JANA’s industry operator network and providing an M&A catalyst when it may maximize shareholder value.
  • JANA is an investment manager founded in 2001 and led by Executive Chairman and Founder Barry Rosenstein and Managing Partner Scott Ostfeld.
  • Cannae’s investment in JANA and JANA funds will not be subject to fees under the Company’s management services agreement with Trasimene Capital Management, LLC.

Cannae Holdings, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 21, 2024

Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) has released its fourth quarter and full year 2023 financial results by posting them to its website.

Key Points: 
  • Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) has released its fourth quarter and full year 2023 financial results by posting them to its website.
  • Please visit the Cannae website at www.cannaeholdings.com to view the fourth quarter and full year 2023 financial results, which are included in its Letter to Shareholders.
  • As previously announced, Cannae will host a conference call, today, February 21, 2024 at 5:00pm (Eastern Time), to discuss its fourth quarter and full year 2023 results.
  • The conference call can be accessed by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international) and asking for the Cannae Holdings Fourth Quarter and Full Year 2023 Earnings Call.

Cannae Holdings, Inc. Announces William P. Foley II as CEO

Retrieved on: 
Monday, February 12, 2024

Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that it has appointed Chairman William P. Foley II as Chief Executive Officer of the Company and Richard Massey as Vice Chairman of the Board.

Key Points: 
  • Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that it has appointed Chairman William P. Foley II as Chief Executive Officer of the Company and Richard Massey as Vice Chairman of the Board.
  • Mr. Massey will continue to work with Mr. Foley on investment opportunities.
  • Mr. Foley will continue as Chairman of the Board and Ryan Caswell will continue as the President of the Company.
  • Cannae’s other principal operating holdings include Sightline Payments, of which Cannae owns 32%, Computer Services, Inc., of which Cannae owns 6% and Black Knight Football & Entertainment, LP, of which Cannae owns approximately 48%.

Cannae Holdings, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call

Retrieved on: 
Friday, February 9, 2024

Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that the Company will release its fourth quarter and full year 2023 financial results after the market close on Wednesday, February 21, 2024.

Key Points: 
  • Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that the Company will release its fourth quarter and full year 2023 financial results after the market close on Wednesday, February 21, 2024.
  • The Company will also hold a conference call to discuss its financial results at 5:00 pm (Eastern Time) on the same day.
  • The conference call can be accessed by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international) and asking for the Cannae Holdings Fourth Quarter 2023 Earnings Call.
  • Interested investors and other parties may also listen to a simultaneous webcast of the live call available on the Company’s website at www.cannaeholdings.com .

Cannae Holdings, Inc. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023

Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) has released its third quarter 2023 financial results by posting them to its website.

Key Points: 
  • Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) has released its third quarter 2023 financial results by posting them to its website.
  • Please visit the Cannae website at www.cannaeholdings.com to view the third quarter 2023 financial results, which are included in its Letter to Shareholders.
  • As previously announced, Cannae will host a conference call, today, November 7, 2023 at 5:00pm (Eastern Time), to discuss its third quarter 2023 results.
  • The conference call can be accessed by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international) and asking for the Cannae Holdings Third Quarter 2023 Financial Results Call.

Dr. Barbara Sharief Releases Public Service Announcement Spots Encouraging Voters to Enroll in Florida's Vote-By-Mail Program Ahead of The Upcoming Presidential Election

Retrieved on: 
Thursday, October 26, 2023

The spots will begin airing today on ABC, CBS, NBC, Telemundo, Comcast Cable, and ATT U-Verse.

Key Points: 
  • The spots will begin airing today on ABC, CBS, NBC, Telemundo, Comcast Cable, and ATT U-Verse.
  • Dr. Sharief bought time to air these spots on many popular television networks, such as BET, CNN, CNNE, MSNBC, ESPD, and OWN.
  • Voters will see these public service announcements daily for the next month in Monroe, Miami-Dade, and Broward Counties.
  • The spots ask voters to contact the supervisor elections directly and they provide a phone number and QR code so voters can get assistance to enroll in Florida's vote-by-mail program.

Cannae Holdings, Inc. Announces Third Quarter 2023 Earnings Release Date and Conference Call

Retrieved on: 
Tuesday, October 24, 2023

Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that the Company will release its third quarter 2023 financial results after the market close on Tuesday, November 7, 2023.

Key Points: 
  • Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that the Company will release its third quarter 2023 financial results after the market close on Tuesday, November 7, 2023.
  • The Company will also hold a conference call to discuss its financial results at 5:00 pm (Eastern Time) on the same day.
  • The conference call can be accessed by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international) and asking for the Cannae Holdings Third Quarter 2023 Earnings Call.
  • The telephonic replay will be available until 11:59 pm (Eastern Time) on November 14, 2023.