Cannae Holdings, Inc. Announces Second Quarter 2023 Financial Results

~ Dun & Bradstreet Sale Will Provide ~$632 Million of Cash Proceeds to Cannae ~ ~ Cannae Increases Share Buyback Authorization to 23 Million Shares and Reiterates Priority for Capital Return to Shareholders~ ~ Cannae Board to Transition to a Declassified Board ~ Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced its support for the sale of Dun & Bradstreet ("DNB"), increased its share buyback authorization to approximately 23 million shares, and plans to transition to a declassified board with annual elections. William P. Foley, II, CEO and Chairman of Cannae, commented, "I would like to congratulate the DNB Board of Directors and management team on their rece

Dun & Bradstreet Shareholders to Receive $9.15 per Share in Cash Transaction Valued at $7.7 Billion Clearlake Capital Group, L.P., (together with certain of its affiliates, "Clearlake"), today announced that it has entered into a definitive agreement to acquire Dun & Bradstreet Holdings, Inc. ("Dun & Bradstreet") (NYSE:DNB), a leading global provider of business decisioning data and analytics, in a transaction valued at $7.7 billion, including outstanding debt / with an equity value of $4.1 billion. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250324849048/en/ Under the terms of the agreement, which has been unanimously appro

Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today hosted an investor day. During the event, Alight's executives presented the Company's strategy and issued mid-term financial targets. In addition, the Company hosted panels with Alight clients and third-party evaluators. Clients discussed how they work with the Company to care for the wellbeing of their employees to keep them financially secure and healthy and third-party evaluators discussed market trends and evolving client needs. "Alight is uniquely positioned within the large and growing benefits industry, and at today's investor day our team shared the strategy to drive long-t

JP Morgan downgraded Alight from Overweight to Neutral and set a new price target of $8.00

BTIG Research initiated coverage of Paysafe with a rating of Buy and set a new price target of $19.00

Stifel initiated coverage of Ceridian HCM with a rating of Buy and set a new price target of $75.00

4 - Alight, Inc. / Delaware (0001809104) (Issuer)

4 - Alight, Inc. / Delaware (0001809104) (Issuer)

4 - Alight, Inc. / Delaware (0001809104) (Issuer)

4 - Dun & Bradstreet Holdings, Inc. (0001799208) (Issuer)

4 - Cannae Holdings, Inc. (0001704720) (Issuer)

4 - Alight, Inc. / Delaware (0001809104) (Issuer)

SCHEDULE 13D/A - Dun & Bradstreet Holdings, Inc. (0001799208) (Subject)

SCHEDULE 13D/A - Dun & Bradstreet Holdings, Inc. (0001799208) (Subject)

144 - Dun & Bradstreet Holdings, Inc. (0001799208) (Subject)

— William P. Foley, II, to step down as Chairman, will continue to serve as board member — — Industry-veteran Russell P. Fradin appointed Chairman of the Board — — Robert Schriesheim, Robert Lopes, Jr. and Mike Hayes named to Board of Directors — Alight, Inc. (NYSE:ALIT), a leading cloud-based human capital and technology-enabled services provider, today announced that its Board of Directors (the "Board") appointed Russell (Russ) P. Fradin as its Chairman of the Board of Directors, succeeding William P. Foley, II, who will continue to serve as a board member, effective March 1, 2025. In addition, Robert (Rob) Schriesheim, Robert (Bob) Lopes, Jr., and Mike Hayes have been appointed to th

Former CEO of BBDO Group Germany brings wide experience in finance, auditing, and brand building to Paysafe Board Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced that it has appointed Marianne Heiss as a new independent non-executive board director and member of the Audit Committee effective today. Heiss joins as an additional member of the board, which is led by chairman Dan Henson. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240924921648/en/Paysafe Appoints Marianne Heiss as Non-Executive Director (Photo: Business Wire) Heiss brings a wealth of experience in finance, ac

Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced that Alex Gersh is moving into an advisory role to the Chief Executive Officer, effective September 4th, and will step down as Chief Financial Officer. Alex will remain with Paysafe in his new role for an undefined period, but at least through the end of the year. John Crawford joins Paysafe as Alex's successor, effective immediately, and will be based in the company's North American headquarters located in Jacksonville, Florida. "Looking to the future, Paysafe is entering a different chapter of growth where we will focus on scaling the business and ensuring that we can capitalize on opp

Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today issued a response to Carronade Capital's recent statement and director nomination notice. The Company also highlighted the significant actions already taken to position the Company for long-term value creation. In February 2024, Cannae began taking decisive action, with a sharp eye towards improving and monetizing its investment holdings, returning capital to shareholders, and reducing operational expenses. These steps aim to grow the net asset value ("NAV") of our portfolio and close Cannae's share price discount to NAV. At that time, the Cannae Board appointed William P. Foley, II, as Chief Executive Officer to execute o

Fourth Quarter Financial Highlights: Revenue Decreased 21% Over Prior Year to $75.6 million Gross Profit Increased 28% Over Prior Year to $31.8 million Adjusted Gross Profit Increased 19% Over Prior Year to $44.7 million GAAP Net Loss Decreased 29% Over Prior Year to $18.0 million Adjusted EBITDA Increased 79% Over Prior Year to $17.9 million Fiscal Year 2024 Results: Revenue Decreased 14% Over Prior Year to $343.9 million Gross Profit Decreased 2% Over Prior Year to 101.3 million Adjusted Gross Profit Decreased 1% Over Prior Year to $152.3 million GAAP Net Loss Decreased 13% Over Prior Year to $97.3 million Adjusted EBITDA Increased 32% Over Prior Year to $38.6 millio

Paysafe Limited ("Paysafe" or the "Company") (NYSE:PSFE), a leading payments platform, today announced its financial results for the fourth quarter and full year of 2024. The Company also announced that on February 28, Paysafe closed on its previously announced agreement to sell its direct marketing payment processing business line ("the disposed business"). For additional information, please see the Company's press release on February 11, along with the supplemental materials to this earnings release, available on the investor relations section of Paysafe's website. Fourth Quarter 2024 Financial Highlights (Metrics compared to fourth quarter of 2023, unless otherwise noted) Revenue of

SC 13D/A - Alight, Inc. / Delaware (0001809104) (Subject)

SC 13D/A - Alight, Inc. / Delaware (0001809104) (Subject)

SC 13D/A - Paysafe Ltd (0001833835) (Subject)