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 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.
Paysafe Limited (NYSE: PSFE) disclosed that Cannae Holdings, Inc. (NYSE: CNNE) purchased approximately 5.7 million shares of its common stock for about $22.2 million in December 2021. This acquisition increased Cannae's holdings to 59,758,641 shares, representing 8.26% of Paysafe's outstanding shares. The announcement follows a previous report of Paysafe leadership purchasing approximately 737,000 shares in late 2021. The transaction aims to reflect Cannae's confidence in the direction of Paysafe.
Cannae Holdings (NYSE: CNNE) has led a $270 million funding round in Sightline Payments, investing $240 million. This follows a $32 million investment in 2021, valuing Sightline over $1 billion post-money. Sightline, a leader in cashless gaming solutions, has over 1.5 million accounts and is positioned for growth in the expanding digital payments market within the gaming industry. Cannae's Chairman, William P. Foley, II, expressed confidence in Sightline's potential to lead in the digital transformation of North American gaming.
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