secwatch.observer — SEC 8-K summary
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Issuer:     Cannae Holdings, Inc. (CNNE)
CIK:        0001704720
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001704720-23-000094
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cannae repurchases 2.7M shares, records $134M impairments on System1 and Sightline
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- Repurchased 2.7M shares at avg $19.06, returning $52M; board approved additional 10M share authorization.
- Recorded $63.9M impairment on System1 (SST) and $70M impairment on Sightline Payments in Q3 2023.
- D&B Q3 revenue $589M (above consensus $579M); adj. EBITDA $235M; organic constant-currency growth 4.8%.
- Ceridian: sold 1M CDAY shares for $67M; raised FY guidance; Q3 revenue $377.5M (+19.6%).
- Alight Q3 revenue $813M (+8.4%); adj. EBITDA $158M; $2.7B of 2024 revenue under contract.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1704720/000170472023000094/0001704720-23-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1704720/000170472023000094/cnne-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001704720-23-000094

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