Cannae Holdings, Inc. (CNNE) Reports Q1 Loss of $0.02, Revenues Miss
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Cannae Reports First Quarter 2019 Results with $1.15 Billion Book Value of Portfolio Company Investments, or $15.99 Per Share
May 9, 2019 6:25 AM EDTLAS VEGAS--(BUSINESS WIRE)-- Cannae Holdings, Inc. (NYSE: CNNE) ("Cannae" or the "Company") today reported operating results for the three-month period ended March31, 2019.
Highlights
On February 8, the Company announced the completion of the previously announced acquisition ofDun & Bradstreet ("DNB"). The Company invested approximately $500 million in equity into DNB representing an approximate 24% equity position. Cannae funded its equity investment with cash on hand and $250 million in borrowings under its credit facilities DNB management has made substantial progress on its $200 million cost... More