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. issues updates as an investment holding company that acquires interests in operating companies and actively manages a core group of portfolio businesses. News commonly covers financial results, shareholder letters, quarterly cash dividends, share repurchase authorizations, and asset-level performance across holdings.
Company updates also address portfolio activity in Black Knight Football Club, including its professional football club interests and FC Lorient ownership, along with Cannae’s reported exposure to restaurant operations, Alight, and JANA.
Cannae Holdings, Inc. (NYSE:CNNE) released its second quarter 2021 financial results on August 5, 2021. An earnings call will follow at 5:00 PM ET, accessible by phone or webcast. Cannae is actively managing a portfolio of companies, with notable investments including Dun & Bradstreet (16% interest), Ceridian (8% interest), and Paysafe (7.5% interest). The company, led by William P. Foley, II, focuses on maximizing the value of its holdings and has a history of creating substantial public companies, aiming for superior financial performance.
Cannae Holdings, Inc. (NYSE:CNNE) will release its second quarter 2021 financial results after market close on August 5, 2021. A conference call to discuss these results is scheduled for 5:00 PM ET the same day. Investors can access the call via phone or online through Cannae's website. The Company is led by William P. Foley, II, known for building over $140 billion in publicly traded companies. Cannae holds significant interests in Dun & Bradstreet, Ceridian, Paysafe, and Alight, reflecting its strategy of maximizing asset value through strategic investments.
Cannae Holdings, Inc. (NYSE:CNNE) announced it has terminated a $75 million forward purchase agreement and agreed to a $200 million equity backstop for the merger between Trebia Acquisition Corp. and System1. This commitment will support future shareholder redemptions. The transaction is set to provide $175 million in cash to System1, aimed at growth and acquisitions. The combined company will have a post-money enterprise value of $1.4 billion. Cannae retains a 15% economic interest in Trebia's founder shares and anticipates closing the deal in Q4 2021.
Cannae Holdings, Inc. (NYSE:CNNE) announced that Foley Trasimene Acquisition Corp. (NYSE:WPF) has scheduled a Special Meeting on June 30, 2021, to approve the proposed business combination with Alight Solutions. If approved, the transaction's closing is anticipated soon after, pending any remaining conditions. William P. Foley II emphasized the significance of Alight as a crucial platform for employee engagement on benefits, including health and payroll. The definitive proxy statement is available on both Foley Trasimene's and the SEC's websites for stockholder review.
Cannae Holdings, Inc. (NYSE:CNNE) announced the sale of 2,000,000 shares of common stock of Ceridian HCM Holding Inc. at a price of $87.50 per share, generating gross proceeds of $175,000,000. This sale was conducted under Rule 144 of the Securities Act of 1933. Cannae, led by William P. Foley, II, manages and operates a diverse portfolio of companies and investments, including significant stakes in Dun & Bradstreet and Paysafe.
Cannae Holdings, Inc. (NYSE:CNNE) announced its first quarter 2021 financial results, now available on its investor relations website.
A conference call is scheduled for today, May 10, 2021, at 5:00 PM ET to discuss these results, accessible by phone or via webcast. Cannae is managing a diverse portfolio including significant stakes in Dun & Bradstreet (17.7%), Ceridian (9.4%), and Paysafe (7.5%).
Cannae Holdings, Inc. (NYSE:CNNE) will release its first quarter 2021 financial results on May 10, 2021, after market close. A conference call is scheduled for 5:00 PM ET the same day to discuss these results. Investors can access the call by dialing 1-877-300-8521 (domestic) or 1-412-317-6026 (international). A telephonic replay will be available after two hours of the call until May 17, 2021. Additionally, a live webcast of the call will be accessible on the Company’s website for further investor engagement.
Cannae Holdings (NYSE:CNNE) has announced a $32 million investment in Sightline Payments as part of a $100 million funding round. This investment reflects growing consumer interest in online gaming, with the combined sports betting and online casino market projected to rise from $3 billion in 2020 to $22 billion by 2026. Sightline’s Play+ solution is gaining traction, boasting over 1.5 million enrolled accounts, and is positioned to meet the demand for cashless payment options in a $90 billion revenue market.
Cannae Holdings, Inc. (NYSE: CNNE) has completed a $500 million investment linked to the business combination between Paysafe Group and Foley Trasimene Acquisition Corp. II. Cannae's contribution includes a $350 million private placement and a $150 million forward purchase agreement, acquiring 54,294,395 shares at an implied cost of $9.11 each. The newly formed entity, Paysafe Limited, will trade under the ticker symbols 'PSFE' and 'PSFE.WS'. Cannae's Chairman, William P. Foley, II, will lead Paysafe's Board of Directors, aiming for accelerated growth in the payments industry.
Cannae Holdings (NYSE: CNNE) announced that stockholders of Foley Trasimene Acquisition Corp. II (NYSE: BFT) approved a business combination with Paysafe Group. The transaction is set to close on March 30, 2021, pending customary conditions. Post-combination, the new entity will operate as Paysafe and trade under the ticker 'PSFE' starting March 31. Cannae, founded by William P. Foley, II, manages equity investments, with significant stakes in Dun & Bradstreet and Ceridian.