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Stock impact report

Cannae Holdings, Inc. and KDSA to Acquire Majority Stake in The Watkins Company

Cannae Holdings, Inc. (CNNE) 
Last cannae holdings, inc. earnings: 11/12 06:25 am Check Earnings Report
US:NYSE Investor Relations: cannaeholdings.com
Company Research Source: Business Wire
~Private Investment in 156-Year Old Flavoring Products Company That Is Positioned for Long Term Growth and Profitability~~Cannae, KDSA and Existing Ownership Partnering to Drive Long Term Value Creation~ WINONA, Minn.--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) in partnership with KDSA Investment Partners (“KDSA”) announced today an agreement to acquire a majority stake in The Watkins Company (“Watkins”), a 156-year-old American heritage brand renowned for its high-quality flavoring products. This strategic investment aims to leverage the strengths of both Cannae and KDSA to drive growth and innovation for Watkins’ fast-growing portfolio of flavoring products including spices, seasonings, and extracts. The current majority owner and Chairman, Mark Jacobs, will roll a significant equity stake into the transaction. The transaction is expected to close in October 2024.Watkins is positioned as a premium but affordable brand in spices, seasonings & e Show less Read more
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