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.
Cannae Holdings (NYSE: CNNE) has scheduled its first quarter 2025 earnings release and conference call. The company will announce its financial results after market close on Monday, May 12, 2025.
Key Details:
- Conference Call Time: 5:00 pm Eastern Time
- Dial-in Numbers: - Domestic: 1-844-826-3035 - International: 1-412-317-5195
- Replay Access: - Domestic: 1-844-512-2921 - International: 1-412-317-6671 - Access Code: 10198456 - Available until: May 26, 2025, 11:59 pm ET
Investors can also access a live webcast of the call on the company's website at www.cannaeholdings.com. An online replay will be made available immediately after the call concludes.
Cannae Holdings (NYSE: CNNE) has announced plans to utilize at least $460 million from its upcoming Dun & Bradstreet (DNB) sale proceeds. The allocation includes:
- At least $300 million for common stock repurchases via tender offer
- $60 million reserved for future quarterly dividends
- $101 million for retiring existing margin loan debt
The company holds 69.1 million DNB shares, representing $632 million in expected cash proceeds. This strategic move will utilize approximately 72% of the expected DNB sale proceeds for shareholder returns and debt reduction. The DNB transaction is anticipated to close in Q3 2025, subject to customary conditions.
Cannae Holdings (NYSE: CNNE) has announced its support for the sale of Dun & Bradstreet (DNB), where it holds a 16% stake (69.1 million shares). The transaction is expected to generate approximately $632 million in cash proceeds for Cannae and close in Q3 2025.
The company has significantly expanded its share buyback program, authorizing the repurchase of up to 23 million shares through March 2028, combining 10 million new shares with 12.95 million remaining from prior authorizations. Under the DNB Voting and Support Agreement, Cannae can sell up to 10 million DNB shares before the transaction closes.
Additionally, Cannae plans to transition to a declassified board structure with annual director elections, with a proposal to be presented at the 2025 shareholder meeting. The company aims to minimize its stock's net asset value discount and return significant capital to shareholders through buybacks.
Cannae Holdings (NYSE: CNNE) has responded to Carronade Capital's statement and director nomination, highlighting significant actions taken to enhance shareholder value. In February 2024, the company appointed William P. Foley, II as CEO and implemented a three-pronged strategy focusing on: capital returns to shareholders, portfolio rebalancing, and improving portfolio company performance.
Key achievements include:
- Returning $738 million to shareholders since March 2021, including a recent Dutch auction repurchasing 13.4% of shares for $222 million
- Initiating a quarterly dividend of $0.12 per share
- Raising approximately $470 million through public portfolio company share sales
- Acquiring a 53% stake in Watkins Company for $80 million
- Establishing a strategic partnership with JANA Partners
The company has demonstrated progress in portfolio management, including successful exits from Dayforce with a 5x return on investment, and improvements in portfolio companies like Dun & Bradstreet, where EBITDA grew from $569 million in 2018 to $927 million in 2024.
Cannae Holdings (NYSE: CNNE) has announced the release of its fourth quarter and full year 2024 financial results, which are available on the company's website at www.cannaeholdings.com. The company will host a conference call on February 24, 2025, at 5:00 PM Eastern Time to discuss these results.
Investors can access the conference call by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international). A telephonic replay will be available until March 10, 2025, accessible via 1-844-512-2921 (domestic) or 1-412-317-6671 (international) using access code 10195808. Additionally, a simultaneous webcast will be available on the company's website with a -time replay option.
Cannae Holdings (NYSE: CNNE) has announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per share. The dividend payment is scheduled for March 31, 2025, and will be distributed to shareholders who are on record as of March 17, 2025.
Cannae Holdings (NYSE: CNNE) has scheduled its fourth quarter and full year 2024 earnings release for Monday, February 24, 2025, after market close. The company will host a conference call at 5:00 pm Eastern Time on the same day to discuss the financial results.
Investors can access the conference call by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international). A telephonic replay will be available until March 10, 2025, accessible at 1-844-512-2921 (domestic) or 1-412-317-6671 (international) using access code 10195808. Additionally, a simultaneous webcast will be available on the company's website at www.cannaeholdings.com, with an online replay available immediately following the call.
Cannae Holdings (NYSE: CNNE) has announced its third quarter 2024 financial results, which have been posted to the company's website at www.cannaeholdings.com. The company will host a conference call on November 12, 2024, at 5:00pm ET to discuss the results. Investors can access the call by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international). A replay will be available until November 26, 2024, and can be accessed via phone or through a webcast on the company's website.
Cannae Holdings (NYSE: CNNE) has announced a quarterly cash dividend of $0.12 per share. The dividend will be distributed to shareholders of record as of December 17, 2024, with the payment scheduled for December 31, 2024.
Cannae Holdings announced it will release its third quarter 2024 financial results after market close on Tuesday, November 12, 2024. The company will host a conference call at 5:00 pm Eastern Time to discuss the results. Investors can access the call by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international). A replay will be available until November 26, 2024, accessible via 1-844-512-2921 (domestic) or 1-412-317-6671 (international) with access code 10192308. A simultaneous webcast will be available on www.cannaeholdings.com with an online replay following the call.