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0.00143020594965687 -0.000572082379862586 0.00228832951945075 0.00228832951945075 -0.000572082379862586 -0.00171624713958817 -0.00171624713958817 -0.00171624713958817
Stock impact report

Cannae Holdings, Inc. Responds to Carronade Capital and Affirms the Board of Directors' and Management's Focus on Driving Long-Term Value Creation [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
The Company also highlighted the significant actions already taken to position the Company for long-term value creation. In February 2024, Cannae began taking decisive action, with a sharp eye towards improving and monetizing its investment holdings, returning capital to shareholders, and reducing operational expenses. These steps aim to grow the net asset value ("NAV") of our portfolio and close Cannae's share price discount to NAV. At that time, the Cannae Board appointed William P. Foley, II, as Chief Executive Officer to execute our strategic plan. Cannae also announced the wind-down of its Management Services Agreement with Trasimene Capital Management. This change internalized all management and investment functions, which significantly reduced Cannae's total management expenses, and further aligned incentives by shifting compensation for key executives primarily to Cannae stock. Cannae's strategy has three main levers, including (1) returning capital to shareholders; (2) re Show less Read more
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