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CNNE

Cannae Holdings, Inc.

https://www.cannaeholdings.com

Industry

Restaurants

Cannae Holdings, Inc. is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes. Cannae Holdings, Inc. is based in Las Vegas, Nevada.

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Cannae Holdings, in partnership with KDSA Investment Partners, has agreed to acquire a majority stake in The Watkins Company, a flavoring products company. The deal aims to drive growth and innovation in Watkins' product portfolio. The transaction is expected to close in October 2024.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:13 pm

Cannae Holdings (NYSE:CNNE) reported Q2 2024 GAAP EPS of $(2.49), significantly missing the $(0.17) estimate. However, sales of $118 million beat the $112 million estimate, despite a 22.77% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:43 pm

Cannae Holdings (NYSE:CNNE) reported Q1 2024 GAAP EPS of $(1.27), significantly missing the $(0.18) estimate, and sales of $110.700M, also below the $126.233M estimate. This represents a substantial decrease in performance compared to the same period last year, with losses increasing by 2440% and sales dropping by 28.26%.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:39 pm

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.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 9:33 pm

Cannae Holdings announced the preliminary results of its modified Dutch auction tender offer, with 9,682,505 shares tendered and not withdrawn at or below a purchase price of $22.95 per share.

Portfolio Pulse from Charles Gross

April 02, 2024 | 10:10 am

Oppenheimer analyst Ian Zaffino maintains an Outperform rating on Cannae Holdings (CNNE) and raises the price target from $25 to $27.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 1:48 pm

Cannae Holdings, Inc. (CNNE) has announced the termination of its Management Services Agreement with Trasimene Capital Management, effective July 2, 2024. Trasimene will receive a fixed management fee of $7.6 million annually for three years and a $20 million termination fee, payable in three annual installments starting July 2, 2024. William P. Foley, II will serve as CEO, CIO, and Chairman of Cannae's Board, and Ryan Caswell will continue as President of the Company, both under three-year employment agreements.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:27 am

Cannae Holdings, Inc. (CNNE) shares have seen an uptick following the announcement of its fourth-quarter financial results and a strategic partnership with JANA Partners. This development indicates a positive reception from the market, likely due to the potential growth and value addition from the partnership with JANA Partners, alongside strong Q4 performance.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:06 pm

In Thursday's pre-market session, several financial stocks showed significant movement. Root, Remitly Global, Lion Group Holding, and B. Riley Financial were among the top gainers, with notable increases in their share prices following their Q4 earnings releases. Conversely, CURO Group Holdings, MicroSectors FANG Index -3X Inverse Leveraged ETNs, Axis Capital Holdings, Carver Bancorp, Jackson Finl, and Cheche Group were the top losers, experiencing declines in their stock prices.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:06 pm

Cannae Holdings (NYSE:CNNE) reported Q4 2023 GAAP EPS of $(0.83), missing the $(0.55) estimate, with sales of $119.30M also missing the $138.27M estimate. This represents a 23.38% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:12 pm

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