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Cannae Holdings Inc - CNNE STOCK NEWS

Welcome to our dedicated news page for Cannae Holdings (Ticker: CNNE), a resource for investors and traders seeking the latest updates and insights on Cannae Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cannae Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cannae Holdings's position in the market.

Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) announces the release of its first quarter 2024 financial results on May 9, 2024, followed by a conference call to discuss the results. Investors can access the conference call via phone or webcast.
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Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) successfully completed a 'Dutch auction' tender offer to purchase $200 million of its common stock. The Company accepted 9,672,540 shares at $22.95 per share, totaling approximately $222.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
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Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) announced preliminary results of its modified 'Dutch auction' tender offer to purchase up to $200 million of its outstanding shares of common stock. The Offer expired on April 1, 2024, with 9,682,505 shares properly tendered at a price of $22.95 per share, totaling approximately $222.2 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
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Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) announces a tender offer to purchase up to $200 million of its common stock through a modified Dutch auction. The offer allows shareholders to sell shares within a price range of $20.75 to $23.75 per share. The Company aims to reduce the discount its shares trade to net asset value, drive shareholder value, and accelerate its share repurchase program. The Offer is not contingent on financing and expires on April 1, 2024.
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Rhea-AI Sentiment
End-of-Day
0.64%
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Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) expands its board to twelve members by electing Doug Ammerman, a retired partner of KPMG LLC, as an independent director. Mr. Ammerman will serve until the next annual meeting and be nominated for a two-year term. The move aims to enhance the board's expertise and deliver shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.5%
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management
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Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) announces the wind-down of its Management Services Agreement with Trasimene Capital Management, LLC, aligning management with shareholders. The agreement includes a fixed management fee, termination fee, and changes in executive roles. The transactions are expected to be marginally accretive to Net Asset Value Per Share.
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Rhea-AI Sentiment
End-of-Day
-0.81%
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Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) has released its fourth quarter and full year 2023 financial results, available on their website. A conference call is scheduled to discuss the results on February 21, 2024, at 5:00pm ET.
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End-of-Day
10.61%
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Rhea-AI Summary
Cannae Holdings, Inc. (CNNE) announces a strategic partnership with JANA Partners to drive shareholder value through sourcing new control acquisitions and enhancing returns. The partnership includes a minority equity ownership exchange and a commitment to invest at least $50 million into JANA funds.
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10.61%
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partnership
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8.53%
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Rhea-AI Impact
Rhea-AI Sentiment
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8.53%
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Cannae Holdings Inc

NYSE:CNNE

CNNE Rankings

CNNE Stock Data

1.47B
65.80M
8.14%
84.37%
1.79%
Full-Service Restaurants
Accommodation and Food Services
Link
US
Las Vegas

About CNNE

cannae holdings, inc. is a principal investment firm. the firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. it takes both minority and majority stakes. cannae holdings, inc. is based in las vegas, nevada.