Cannae Holdings Reports Final Results Of Modified Dutch Auction Tender Offer
Portfolio Pulse from Benzinga Newsdesk
Cannae Holdings announced the final results of its modified Dutch auction tender offer, with 9,672,540 shares tendered at or below $22.95 per share. The count was conducted by Continental Stock Transfer & Trust Company.
April 04, 2024 | 9:33 pm
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POSITIVE IMPACT
Cannae Holdings successfully completed its modified Dutch auction tender offer, with a significant number of shares tendered at or below the set price of $22.95.
The successful completion of the tender offer indicates a strong investor interest and could be seen as a positive signal about the company's value proposition. This may lead to a short-term positive impact on CNNE's stock price as it demonstrates both liquidity and confidence among its shareholders.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100