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Stock impact report

Cannae Holdings, Inc. Announces Preliminary Results of Modified Dutch Auction Tender Offer [Yahoo! Finance]

Cannae Holdings, Inc. (CNNE) 
Last cannae holdings, inc. earnings: 11/12 06:25 am Check Earnings Report
US:NYSE Investor Relations: cannaeholdings.com
Company Research Source: Yahoo! Finance
its modified "Dutch auction" tender offer (the "Offer") to purchase up to $200 million in aggregate purchase price of its outstanding shares of common stock, par value $0.0001 per share (each, a "Share"), at a single per-Share price not greater than $23.75 nor less than $20.75 per share. The Offer expired at 12:00 midnight, New York City time, at the end of the day on April 1, 2024. Based on the preliminary count by Continental Stock Transfer & Trust Company, the depositary for the Offer (the "Depositary"), a total of 9,682,505 Shares were properly tendered and not properly withdrawn at or below a purchase price of $22.95 per Share, including 1,500,367 Shares that were tendered by notice of guaranteed delivery. In accordance with the terms and conditions of the Offer, and based on the preliminary count by the Depositary, Cannae expects to purchase all 9,682,505 Shares at a price of $22.95 per Share, for an aggregate cost of approximately $222.2 million, excluding fees and expenses Show less Read more
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