08:50 AM EDT, 03/25/2025 (MT Newswires) -- Cannae Holdings ( CNNE ) said Tuesday that it supports the sale of Dun & Bradstreet ( DNB ) , its largest investment, as Cannae has a 16% stake in the data and analytics company.

On Monday, private-equity firm Clearlake Capital Group said it has agreed to acquire Dun & Bradstreet ( DNB ) in a deal valued at $7.7 billion.

Cannae said it affirms its support for the sale through a voting and support agreement that allows it to sell up to 10 million Dun & Bradstreet ( DNB ) shares ahead of the deal's closing, which is expected to occur in Q3.

Cannae said it would realize $632 million at the announced deal value, and that it expects to return to shareholders "a significant portion" of the proceeds received from the Dun & Bradstreet ( DNB ) deal through share buybacks.

Cannae said its board has approved a three-year share buyback program for up to 10 million additional shares through March 24, 2028, bringing its total share buyback authorization to 23 million shares.

Cannae also said it will include a proposal to declassify its board at its annual shareholders meeting.