Cannae Holdings, Inc. (CNNE) Tops Q2 EPS by 28c

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Go back to Cannae Holdings, Inc. (CNNE) Tops Q2 EPS by 28c

Cannae Reports Second Quarter 2019 Results with $1.19 Billion Book Value of Portfolio Company Investments, or $16.42 Per Share

August 8, 2019 6:25 AM EDT

LAS VEGAS--(BUSINESS WIRE)-- Cannae Holdings, Inc. (NYSE: CNNE) ("Cannae" or the "Company") today reported operating results for the three and six-month periods ended June 30, 2019.

Highlights

On May 21, 2019, Cannae received net proceeds of $100.5 million upon the closing of its sale of 2,000,000 shares of common stock of Ceridian HCM Holding Inc. ("Ceridian") as part of an underwritten secondary public offering Dun & Bradstreet (DNB) management successfully achieved approximately $153 million of annualized cost savings through June 30, 2019, as part of DNBs $200 million cost reduction... More