Cannae to Allot $460 Million From Dun & Bradstreet Sale to Stock Buybacks, Dividends, Debt

Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: "

Cannae to Allot $460 Million From Dun & Bradstreet Sale to Stock Buybacks, Dividends, Debt

, MT Newswires - 9:11 AM ET 3/31/2025 default

09:11 AM EDT, 03/31/2025 (MT Newswires) -- Cannae Holdings ( CNNE ) said Monday that it plans to use at least $460 million from the proceeds of the sale of its investment, Dun & Bradstreet ( DNB ) , to buy back shares of its common stock, as well as to pay future dividends and retire existing debt.

Cannae said it expects to repurchase at least $300 million of its common stock, including a buyback through a tender offer shortly after the closing of the deal, which represents $632 million in expected cash proceeds to the company.

Cannae said it plans to retain $60 million of the proceeds to cover future quarterly dividends to shareholders, while also repaying the entire $101 million outstanding under its existing margin loan.

On Monday, private equity firm Clearlake Capital Group said it has agreed to acquire data provider Dun & Bradstreet ( DNB ) in a deal valued at $7.7 billion. The deal is slated to be completed in Q3, Cannae said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.