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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/20/2021 | $42.00 | Outperform | RBC Capital |
Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced that it plans to use at least $460 million, from the proceeds of the recently announced sale of Dun & Bradstreet ("DNB"), to repurchase shares of its common stock, pay future quarterly dividends, and retire existing debt. As a result, Cannae would utilize at least 72% of its expected DNB sale proceeds as a capital return to shareholders and as debt repayment. The Company expects to repurchase at least $300 million of its common stock, including through a tender offer, which would commence shortly following the anticipated closing of the DNB transaction. In addition, the Company expects to retain an additional $6
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
~ Quarterly results call scheduled for 5:00pm ET ~ Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") has released its fourth quarter and full year 2024 financial results by posting them to its website. Please visit the Cannae website at www.cannaeholdings.com to view the fourth quarter and full year 2024 financial results, which are included in its Letter to Shareholders. Conference Call As previously announced, Cannae will host a conference call, today, February 24, 2025 at 5:00pm (Eastern Time), to discuss its fourth quarter and full year 2024 results. The conference call can be accessed by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international) and asking fo
Underscores Critical Need to Establish Accountability and Independence on the Board Outlines Attributes of Carronade's Four Independent and Highly Qualified Director Nominees and Why They Are Best-Suited to Create Value DARIEN, Conn., April 07, 2025 (GLOBE NEWSWIRE) -- Carronade Capital Master, LP (together with its affiliates, "Carronade Capital", "our" or "we"), which beneficially owns approximately 3.1 million shares of Common Stock of Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") and is one of the Company's top five shareholders, today filed a preliminary proxy statement in connection with its nomination of four independent and highly qualified candidates for electio
Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced that it plans to use at least $460 million, from the proceeds of the recently announced sale of Dun & Bradstreet ("DNB"), to repurchase shares of its common stock, pay future quarterly dividends, and retire existing debt. As a result, Cannae would utilize at least 72% of its expected DNB sale proceeds as a capital return to shareholders and as debt repayment. The Company expects to repurchase at least $300 million of its common stock, including through a tender offer, which would commence shortly following the anticipated closing of the DNB transaction. In addition, the Company expects to retain an additional $6
~ 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
4 - Cannae Holdings, Inc. (0001704720) (Issuer)
4 - Cannae Holdings, Inc. (0001704720) (Issuer)
4 - Cannae Holdings, Inc. (0001704720) (Issuer)
SC 13G - Cannae Holdings, Inc. (0001704720) (Subject)
SC 13G/A - Cannae Holdings, Inc. (0001704720) (Subject)
SC 13G/A - Cannae Holdings, Inc. (0001704720) (Subject)
RBC Capital initiated coverage of Cannae Holdings with a rating of Outperform and set a new price target of $42.00
Oppenheimer resumed coverage of Cannae with a rating of Buy and set a new price target of $52.00
4 - Cannae Holdings, Inc. (0001704720) (Issuer)
13F-HR - Cannae Holdings, Inc. (0001704720) (Filer)
DEFA14A - Cannae Holdings, Inc. (0001704720) (Filer)
8-K - Cannae Holdings, Inc. (0001704720) (Filer)
~ Further Aligns Management with Shareholders ~ Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced that the Company has agreed to wind down its Management Services Agreement ("MSA") with Trasimene Capital Management, LLC ("Trasimene"). Effective July 2, 2024, the MSA will be amended and restated to provide that Trasimene will receive a fixed management fee of $7.6 million for each of the following three years, and a $20 million termination fee, payable in three annual installments commencing on July 2, 2024, and no fees thereafter. As a result, Trasimene will not receive any incremental management fees or carried interest on investments made by the Company on
Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced that it has appointed Chairman William P. Foley II as Chief Executive Officer of the Company and Richard Massey as Vice Chairman of the Board. Mr. Massey will continue to work with Mr. Foley on investment opportunities. Mr. Foley will continue as Chairman of the Board and Ryan Caswell will continue as the President of the Company. William P. Foley, II, commented, "I am very excited to assume the role of Chief Executive Officer and continue working with Rick Massey and our portfolio management team while sourcing new private investments that offer outsized, risk-adjusted returns." About Cannae Holdings, Inc.
LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE:CNNE) (“Cannae” or the “Company”) today announced the appointment of two new board members to the Company’s board of directors, effective February 18, 2021. Joining the board are Barry Moullet and David Aung. These appointments increase Cannae’s total board membership to 11. Mr. Moullet was appointed to Cannae’s Compensation Committee of the board and Mr. Aung was appointed to Cannae’s Corporate Governance and Nominating Committee of the board. “I could not be more excited to welcome and announce the appointment of Barry and David to our Board of Directors,” commented William P. Foley, II, Chairman. “Combined, Barry and Dav