Brief: Cannae Holdings Announces Settlement Of Action

Cannae Holdings

12/06/2023 21:54

June 12 (Reuters) - Cannae Holdings Inc  CNNE.N :
    * CANNAE HOLDINGS, INC. ANNOUNCES SETTLEMENT OF ACTION
    * CANNAE HOLDINGS INC- ANNOUNCED COURT APPROVAL OF
STIPULATION AND
AGREEMENT OF COMPROMISE, SETTLEMENT, AND RELEASE MADE AND
ENTERED INTO AS OF MARCH 10
    * CANNAE - SETTLEMENT BETWEEN PLAINTIFF OKLAHOMA
FIREFIGHTERS
PENSION & RETIREMENT SYSTEM, SPECIAL LITIGATION COMMITTEE OF
CO'S BOARD AMONG OTHERS
    * CANNAE HOLDINGS -UNDER TERMS OF SETTLEMENT CO TO  ENTER
AMENDED,
RESTATED MANAGEMENT SERVICES AGREEMENT WITH TRASIMENE, PROVIDING
FOR NEW 5-YEAR TERM
    * CANNAE HOLDINGS INC- SETTLEMENT TERMS FOR REDUCTION IN
MANAGEMENT FEE PAYABLE TO TRASIMENE BY CO FROM 1.5% TO 1.25% FOR
AUM GREATER THAN $2.5 BILLION
    * CANNAE HOLDINGS INC-  SETTLEMENT TERMS FOR REDUCTION IN
TERMINATION FEE PAYABLE TO TRASIMENE TO $20 MILLION IN ALL
CIRCUMSTANCES, EXCEPT CHANGE-OF-CONTROL

Source text for Eikon:  ID:nBw4ZgG8ja 
Further company coverage:  CNNE.N 

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