Cannae Holdings partners with JANA Partners, acquires minority stake for shares and cash

Cannae Holdings, Inc.

Issued 1.85M shares and paid $18.3M cash to JANA principals for a minority equity interest in JANA.
Committed to invest at least $50M into JANA funds; fees waived under management services agreement.
Partnership aims to source control acquisitions and strategic opportunities for Cannae.
JANA principals entered voting arrangements to support Cannae board and management.
Transaction closed simultaneously; shares subject to customary lock-up arrangements.

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