Cannae Holdings delivered robust third-quarter results, significantly advancing its strategic plan by monetizing public investments and enhancing shareholder returns.
- Successfully sold Dun & Bradstreet, generating $630 million and enabling $424 million in capital returns to shareholders, including $275 million in share buybacks.
- Reduced exposure to public investments from 70% to 20%, focusing on proprietary private investments expected to yield outsized returns.
- Ongoing capital allocation in sports-related assets, including a 30% stake increase in JANA Partners and a $25 million investment in Black Knight Football.
- Achieved $424 million in total share repurchases and dividends since announcing a strategic plan in 2024, representing 35% of outstanding shares at that time.
- Narrowed the share price discount to NAV by approximately 20%, indicating growing investor confidence and commitment to shareholder value creation.
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