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
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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~ LAS VEGAS--(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 Watkin’s 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, which is subject to customary closing conditions, is expected to close in October 2024.Watkins is positioned as a premium
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- Cannae Holdings, Inc. (NYSE:CNNE) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year [Yahoo! Finance]Yahoo! Finance
- Cannae Holdings, Inc. (NYSE: CNNE) had its price target raised by analysts at Royal Bank of Canada from $26.00 to $27.00. They now have an "outperform" rating on the stock.MarketBeat
CNNE
Earnings
- 11/12/24 - Beat
CNNE
Sec Filings
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- CNNE's page on the SEC website