Cannae Holdings, Inc. Comments on Preliminary Results of Special Meeting of J. Alexander’s Shareholders
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”) announced that J. Alexander’s Holdings, Inc. (“J. Alexander’s”) announced today that it did not receive the requisite number of votes to approve the proposed merger of J. Alexander’s and 99 Restaurants, LLC. Therefore, Cannae expects that the merger agreement will be terminated. The vote is subject to certification by the J. Alexander’s Independent Inspector of Election. While Cannae is disappointed in these voting results and believes that the merger would have created substantial value for both J. Alexander’s and Cannae’s shareholders, Cannae is extremely happy to keep 99 Restaurants as it is a terrific, well managed brand that generates substantial free cash flows and outperforms its peers. About Cannae Holdings, Inc. Cannae holds majority and minority equity investment stakes in a number of
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News
- Cannae Holdings, Inc. (NYSE: CNNE) had its price target raised by analysts at Oppenheimer Holdings Inc. from $25.00 to $27.00. They now have an "outperform" rating on the stock.MarketBeat
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CNNE
Earnings
- 2/21/24 - Miss
CNNE
Sec Filings
- 3/20/24 - Form 4
- 3/18/24 - Form 4
- 3/18/24 - Form 4
- CNNE's page on the SEC website