other material
confidence high
sentiment neutral
materiality 0.60
Cannae terminates Foley's put right after selling Brasada Ranch interest to Foley entity
Cannae Holdings, Inc.
- Cannae sold its 87% interest in Brasada Ranch to a company owned by William P. Foley II.
- In exchange, Section 11(a) of the Director Services Agreement is deleted, terminating Foley's right to sell 50% of his shares back to Cannae at $19.50 or 20% above closing price.
- The transaction closed on July 15, 2026.
- The amendment eliminates a potential share repurchase obligation for Cannae.