Cannae Outlines Shareholder-Friendly Measures Tied to Dun & Bradstreet Sale

Dow Jones

31 Mar

By Denny Jacob

Cannae Holdings' investment in Dun & Bradstreet Holdings is set to line shareholders' pockets.

The investment firm said it plans to use at least $460 million in proceeds from the recently announced sale of Dun & Bradstreet to repurchase shares of its common stock, pay future quarterly dividends and retire existing debt.

Cannae expects to repurchase at least $300 million of its common stock, including through a tender offer, shortly after the sale closes. The company also expects to retain an additional $60 million in proceeds to cover future quarterly dividends, while also repaying all $101 million outstanding under its existing margin loan that's collateralized by Dun & Bradstreet shares.

Cannae days earlier said it supports the acquisition as Dun and Bradstreet and signaled it would use returns for shareholder-friendly measures. Led by billionaire investor and sports owner Bill Foley, Cannae said it planned to sell up to 10 million of its 69.1 million Dun & Bradstreet shares ahead of the transaction's closing.

Dun & Bradstreet Holdings agreed last week to be acquired by private equity firm Clearlake Capital Group in a transaction valued at $7.7 billion, including outstanding debt.

The deal would provide shareholders with $9.15 in cash for each share they own. That would translate to about $632 million for Cannae, the company said.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

March 31, 2025 07:19 ET (11:19 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The company also expects to retain an additional $60 million in proceeds to cover future quarterly dividends, while also repaying all $101 million outstanding under its existing margin loan that's collateralized by Dun & Bradstreet shares.Cannae days earlier said it supports the acquisition as Dun and Bradstreet and signaled it would use returns for shareholder-friendly measures. Led by billionaire investor and sports owner Bill Foley, Cannae said it planned to sell up to 10 million of its 69.1 million Dun & Bradstreet shares ahead of th","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4176":"多领域控股","CNNE":"Cannae Holdings, Inc."},"translate_title":"坎尼概述了与邓白氏出售相关的股东友好措施","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CNNE":0.9},"content_text":"By Denny Jacob \n\n\n \n\n\n  Cannae Holdings' investment in Dun & Bradstreet Holdings is set to line shareholders' pockets. \n\n\n  The investment firm said it plans to use at least $460 million in proceeds from the recently announced sale of Dun & Bradstreet to repurchase shares of its common stock, pay future quarterly dividends and retire existing debt. \n\n\n  Cannae expects to repurchase at least $300 million of its common stock, including through a tender offer, shortly after the sale closes. The company also expects to retain an additional $60 million in proceeds to cover future quarterly dividends, while also repaying all $101 million outstanding under its existing margin loan that's collateralized by Dun & Bradstreet shares. \n\n\n  Cannae days earlier said it supports the acquisition as Dun and Bradstreet and signaled it would use returns for shareholder-friendly measures. Led by billionaire investor and sports owner Bill Foley, Cannae said it planned to sell up to 10 million of its 69.1 million Dun & Bradstreet shares ahead of the transaction's closing. \n\n\n  Dun & Bradstreet Holdings agreed last week to be acquired by private equity firm Clearlake Capital Group in a transaction valued at $7.7 billion, including outstanding debt. \n\n\n  The deal would provide shareholders with $9.15 in cash for each share they own. 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