US spicemaker Watkins to be acquired by local investors Cannae, KDSA [Yahoo! Finance]
Cannae Holdings, Inc. (CNNE)
Last cannae holdings, inc. earnings: 11/12 06:25 am
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Source: Yahoo! Finance
The shares have been sold to local investors Cannae Holdings and KDSA Investment Partners. How much Cannae and KDSA will pay for the stake and the size of their shareholding have not been disclosed. Watkins' current majority owner and chairman, Mark Jacobs, will “roll a significant equity stake into the transaction,” they said in a statement. The investors said Minnesota-based Watkins, which can trace its origins back 156 years, would be able to “leverage the strengths of both Cannae and KDSA to drive growth and innovation”. They suggested Watkins has a “substantial foundation and runway for growth”, both within retail, including new and existing customers, and other new channels and markets. JR Rigley, CEO of Watkins, said: "We are looking forward to the future with great optimism. This new chapter will allow us to continue to build on our rich legacy while exploring new avenues for growth and innovation.” Cannae's portfolio includes the English Premier League football t
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News
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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