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Cannae Holdings, Inc. Responds to Carronade Capital and Affirms the Board of Directors' and Management's Focus on Driving Long-Term Value Creation

1. Cannae Holdings responded to Carronade Capital's director nomination notice. 2. The company is focused on long-term value creation and shareholder returns.

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FAQ

Why Bullish?

Cannae's proactive measures to enhance shareholder returns are favorable, similar to past instances where strategic actions led to positive market reactions.

How important is it?

The article discusses significant initiatives to improve value, directly impacting investor confidence in CNNE.

Why Long Term?

The strategic focus on monetizing investments suggests sustained positive effects over time, as seen in other corporates enhancing value.

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CNACIZYME
LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today issued a response to Carronade Capital's recent statement and director nomination notice. The Company also highlighted the significant actions already taken to position the Company for long-term value creation. In February 2024, Cannae began taking decisive action, with a sharp eye towards improving and monetizing its investment holdings, returning capital to shareholders, and reducing operational e.

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