secwatch.observer — SEC 8-K summary
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Issuer:     Cannae Holdings, Inc. (CNNE)
CIK:        0001704720
Form:       8-K
Filed at:   2022-02-18T23:59:59+00:00
Accession:  0001193125-22-045685
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cannae sells 20% Optimal Blue stake to Black Knight for $578M; 2x return in 18 months
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- Total consideration: $144.5M cash + 21.8M shares of Dun & Bradstreet (DNB) valued at $433.5M.
- Original investment of $289M returned 2x; deal closed Feb 15, 2022.
- Cannae's DNB ownership increases from 68M shares (16%) to 88M shares (20%).
- Chairman Foley cites expanded growth opportunities in D&B both organically and inorganically.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704720/000119312522045685/0001193125-22-045685-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704720/000119312522045685/d237425d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-045685

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer