Cannae Holdings, Inc. is a diversified holding company. The Company has investments in a variety of industries including Restaurants, Technology Enabled Healthcare Services, Financial Services and more. The Company holds majority and minority equity investment stakes in a number of entities, including Ceridian Holdings, LLC, American Blue Ribbon Holdings, and LLC and T-System Holding LLC.
A battle is brewing to buy out CoreLogic, uniting strategic investor Cannae Holdings and activist Senator Investment Group. Wall Street may expect to see more of these coordinated efforts in the activist space.
Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae") today announced that Dun & Bradstreet Holdings, Inc. ("Dun & Bradstreet"), a Cannae portfolio company, priced its initial public offering of 78,302,272 shares of its common stock at an initial public offering price of $22.00 per share. The shares are expected to begin trading on the New York Stock Exchange on July 1, 2020 under the symbol "DNB." The initial public offering is expected to close on July 6, 2020, subject to the satisfaction of customary closing conditions.
Cannae Holdings (CNNE), along with Senator Investment Group, propose to acquire CoreLogic (CLGX) for $65 per share in cash, or a 23% premium over Thursday's closing price of $52.93.They say the premium over the unaffected stock price is 37%.Cannae and Senator jointly own or have an economic interest equivalent to ~15%...
CoreLogic was soaring Friday after Cannae Holdings and Senator Investment Group submitted an unsolicited bid for the property and mortgage information services company valued at about $5.16 billion. Shares of the Irvine, California company were climbing 28% to $67.72. Cannae and Senator Investment jointly own about 15% of CoreLogic's shares outstanding and they offered to buy the company for $65 a share.