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Below are the latest news stories about Cannae Holdings Inc that investors may wish to consider to help them evaluate CNNE as an investment opportunity.
Cannae Holdings and Senator Investment Group Propose Nine Independent, Highly Accomplished Directors for CoreLogic Board and Begin Process to Call Special Meeting
Cannae Holdings, Inc. (NYSE: CNNE), ("Cannae") and Senator Investment Group, LP ("Senator"), which, directly or through affiliated entities, jointly own or have an economic interest equivalent to approximately 15% of the outstanding shares of CoreLogic, Inc. (NYSE: CLGX), (the "Company") today issued an open letter to fellow shareholders. In the letter, Cannae and Senator announce that they have initiated the process to call a special meeting of shareholders (the "Special Meeting") to elect nine independent and highly accomplished directors to the CoreLogic Board of Directors (the "Board").
After rejecting the buyout proposal of Cannae Holdings and Senator Investment Group, the company announced a buyback and a new shareholder rights plan Continue reading...
Property data and analytics firm CoreLogic Inc. said on Monday it would not open its books to investment firms Senator Investment Group LP and Cannae Holdings Inc. unless they raise their $7 billion offer to buy the company. Earlier in …
CoreLogic Inc. met with two of its investors for the first time Tuesday to discuss their $7 billion proposal to take the real estate data company private. Representatives from Cannae Holdings Inc. and Senator Investment Group discussed the $65-a-share proposal …
CoreLogic, Inc. (NYSE: CLGX ) rejected an unsolicited $7 billion buyout offer from investment firms Cannae Holdings Inc (NYSE: CNNE ) and Senator Investment Group LP on Tuesday. What Happened This is the second time that the property data and analytics solutions provider has rejected a buyout offer from Cannae and Senator after the two investment firms didn't revise their June 26 offer to acquire all of its outstanding shares at $65 per share in cash. "Despite the Company's recent guidance update for 2020 and disclosure of financial … Full story available on Benzinga.com
Cannae Holdings and Senator Investment Group Comment on CoreLogic’s Rejection of Acquisition Proposal
Cannae Holdings, Inc. (NYSE: CNNE), ("Cannae") and Senator Investment Group, LP ("Senator"), which, directly or through affiliated entities, jointly own or have an economic interest equivalent to approximately 15% of the outstanding shares of CoreLogic, Inc. (NYSE: CLGX), (the "Company") today responded to CoreLogic’s rejection of the group’s proposal to acquire CoreLogic:
CoreLogic turned down a $65-a-share, or $7 billion, takeover bid as undervaluing the real estate research firm.
Should investors in this real estate industry data provider stick around in merger arbitrage situations?
Cannae Holdings, Inc. Announces Dun & Bradstreet’s Closing of Initial Public Offering and Exercise in Full of Option to Purchase Additional Shares
Cannae Holdings, Inc. (NYSE:CNNE) ("Cannae") today announced that Dun & Bradstreet Holdings, Inc. ("Dun & Bradstreet"), a Cannae portfolio company, closed the previously announced initial public offering of 90,047,612 shares of common stock, which includes 11,745,340 shares of common stock issued pursuant to the exercise by the underwriters of their option to purchase additional shares in full. The offering was priced at $22.00 per share, resulting in gross proceeds of $2,381,047,464 when combined with the $400,000,000 aggregate proceeds from the concurrent private placement and before deducting underwriting discounts and commissions and other offering expenses payable by Dun & Bradstreet. Dun & Bradstreet’s shares of common stock began trading on the New York Stock ...
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.