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.
Senator Investment Group LP and Cannae Holdings, Inc. (CNNE) announced that shareholders have voted to remove CoreLogic, Inc.'s longest-tenured directors and replace them with nominees from Senator and Cannae. Over 86% of the votes favored the new directors: W. Steve Albrecht, Wendy Lane, and Henry W. 'Jay' Winship. Additionally, approximately 50% of the votes supported the removal of CoreLogic Chairman Paul Folino. This decision reflects shareholder demand for increased engagement and value maximization from CoreLogic's Board.
Cannae Holdings, Inc. (NYSE:CNNE) announced the sale of 2,139,227 shares of Ceridian HCM Holding Inc. at $93.00 per share, totaling approximately $198.9 million in gross proceeds. This transaction was executed under Rule 144 of the Securities Act of 1933. Cannae's strategic focus includes managing and operating a portfolio of companies, aiming for superior financial performance. The firm holds significant interests in Dun & Bradstreet and Ceridian, enhancing its investment portfolio.
Cannae Holdings, Inc. (NYSE:CNNE) has released its third quarter 2020 financial results, available on their investor relations website. The company remains focused on managing and operating a diverse range of companies and investments, aiming for superior financial performance. Cannae holds significant stakes in Dun & Bradstreet (DNB) and Ceridian (CDAY), with approximately 18% and 11% ownership, respectively. The firm is led by William P. Foley, II, known for his success in creating over $100 billion in publicly traded companies.
Senator Investment Group and Cannae Holdings (NYSE: CNNE) announced that Institutional Shareholder Services (ISS) has recommended shareholders vote for their nominees and remove CoreLogic’s longest-tenured directors due to concerns over board performance and shareholder value maximization. ISS criticized CoreLogic for failing to run a legitimate sales process and questioned management accountability. ISS emphasized that new directors would enhance governance and the potential for value maximization amid increasing acquisition interest. The proxy vote is scheduled for November 17, 2020.
Senator Investment Group and Cannae Holdings have nominated nine candidates for the CoreLogic Board of Directors, emphasizing their intention to maximize shareholder value. The nominees assert their independence from the nominating firms and commit to evaluating all offers objectively. They encourage shareholders to vote for their election using the GOLD Proxy Card. The Special Meeting for these elections is scheduled for November 17, 2020, with the nominees urging shareholders to support two by-law proposals as well.
Senator Investment Group and Cannae Holdings have issued a statement regarding CoreLogic, emphasizing their desire for a legitimate sales process. CoreLogic is reportedly engaging with potential buyers at a valuation of at least $80 per share. However, concerns persist about the company's commitment to a fair process, as recent reports indicate potential acquirers have faced delays. As the largest shareholder, Senator plans to elect independent director candidates to ensure shareholder interests are prioritized. They encourage stakeholders to vote in support of their proposals at the special meeting on November 17, 2020.
Cannae Holdings, Inc. (NYSE:CNNE) will announce its third-quarter financial results for the period ending September 30, 2020, on November 9, 2020, before market open. The results will be available on the company’s Investor Relations webpage. Cannae, led by investor William P. Foley, II, focuses on managing and operating a portfolio of companies for enhanced financial performance. Key holdings include an 18% stake in Dun & Bradstreet and an 11% interest in Ceridian. Cannae aims to maximize asset value through strategic equity investments.