10:16 AM EDT, 04/02/2024 (MT Newswires) -- Cannae Holdings ( CNNE ) said Tuesday preliminary results of its modified "Dutch auction" tender offer to purchase up to $200 million common shares showed that 9.7 million common shares were validly tendered at a price of $22.95 apiece for a total of about $222.2 million.

The offer, which expired Monday, was for the repurchase of Cannae Holdings ( CNNE ) shares at $20.75 to $23.75 per share. Cannae said the shares for purchase represent about 13.4% of its outstanding stock as of Monday.

Price: 22.96, Change: +0.45, Percent Change: +2.00