Cannae Holdings, Inc. has announced a significant development in its portfolio transformation strategy with the planned acquisition of portfolio company Dun & Bradstreet by Clearlake Capital. The transaction is expected to close in the third quarter of 2025. As part of its strategic actions, Cannae has raised $101 million through the sale of public shares of Dun & Bradstreet earlier in 2024. Additionally, Cannae sold 9 million shares of Dun & Bradstreet in May 2025, generating $81 million intended for share repurchases and dividends. This move aligns with Cannae's ongoing efforts to unlock shareholder value and optimize its investment portfolio.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.