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News  ›  GlobeNewswire Inc.

Carronade Capital Issues Investor Presentation Detailing the Need for Change at Cannae Holdings

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Carronade Capital
Carronade Capital Issues Investor Presentation Detailing the Need for Change at Cannae Holdings

Carronade Capital, a major shareholder of Cannae Holdings, is seeking to elect four independent directors to address chronic underperformance, poor governance, and value destruction at the company.

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CNNE   negative

The article criticizes Cannae for poor strategic decisions, weak board oversight, egregious governance practices, and severely underperforming shareholder returns (0.15% total annualized return since inception)