Cannae Holdings, Inc. Announces Pricing of Ceridian’s Secondary Public Offering
Cannae Holdings, Inc. (CNNE)
Last cannae holdings, inc. earnings: 11/12 06:25 am
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cannaeholdings.com
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Source: Business Wire
LAS VEGAS--(BUSINESS WIRE)-- Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae" or the "Company") today announced that Ceridian HCM Holding Inc. (“Ceridian”), a Cannae portfolio company, priced an underwritten secondary public offering by certain stockholders of Ceridian (the “Selling Stockholders”) of 11,000,000 shares of Ceridian’s common stock, par value $0.01 per share (the “Common Stock”), at a public offering price of $36.00 per share. As part of the offering, Cannae sold 3,823,212 shares. In addition, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,650,000 shares of Common Stock, of which Cannae’s portion is 573,482 shares, at the public offering price, less underwriting discounts and commissions. The offering is expected to close on November 16, 2018, subject to customary closing conditions. The offering consists entirely of secondary shares to be sold by the
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