secwatch.observer — SEC 8-K summary
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Issuer:     Cannae Holdings, Inc. (CNNE)
CIK:        0001704720
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001704720-22-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cannae Q4 net loss $109.3M; sells Optimal Blue for $578M, buys back 2.1M shares
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- Q4 net loss of $109.3M ($1.24 diluted loss per share) vs. net income of $531.3M ($5.80 diluted EPS) a year ago.
- Sold Optimal Blue interest to Black Knight for $578M (2.0x return) on Feb 15, 2022; received $144.5M cash, $433.5M DNB stock.
- Repurchased 2.1M shares in Q4, 4.8M in 2021, 400K Jan 2022; 9.1M shares remain authorized.
- Monetized $160M+ long-term assets in Q4, $200M in Jan 2022 including 3M Ceridian shares for $299M.
- Book value per share $38.38 at Dec 31, 2021 vs $41.22 year ago; corporate cash $48.1M plus $500M undrawn credit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704720/000170472022000014/0001704720-22-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704720/000170472022000014/cnne-20220217.htm
  HTML page:      https://secwatch.observer/filing/0001704720-22-000014

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