Cannae Holdings, Inc. (CNNE) Tops Q3 EPS by 2c, Revenues Beat
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Cannae Reports Third Quarter 2018 Results with $1.09 Billion Book Value of Portfolio Company Investments, or $15.18 Per Share
November 8, 2018 6:25 AM ESTLAS VEGAS--(BUSINESS WIRE)-- Cannae Holdings, Inc. (NYSE: CNNE) ("Cannae" or the "Company") today reported operating results for the three and nine-month periods ended September 30, 2018.
Highlights
The Company's investment in Ceridian HCM Holding Inc. (NYSE: CDAY) is now worth $1.46 billion based on a closing price of $39.25 as of November 7, 2018. On July 27, 2018, Lifeworks Corporation Ltd. was sold to Morneau Shepell for $325 million. Cannae received $49.8 million in cash proceeds and expects to receive an additional $6.6 million for its interest in the 4th quarter.... More