Cannae Holdings Announced Settlement of Action
Portfolio Pulse from Charles Gross
Cannae Holdings (NYSE:CNNE) announced court approval of a settlement involving the company, its board of directors, and Trasimene Capital Management. The settlement includes an amended management services agreement with Trasimene, reducing management and termination fees, and the creation of a Related Person Transaction Committee.
June 12, 2023 | 8:38 pm
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POSITIVE IMPACT
Cannae Holdings' settlement with Trasimene Capital Management will result in reduced management and termination fees, and improved corporate governance.
The settlement will lead to reduced management and termination fees, which will lower Cannae Holdings' expenses and potentially improve profitability. Additionally, the creation of a Related Person Transaction Committee will enhance corporate governance, which may positively impact investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100