Cannae to wind down management services agreement with Trasimene (NYSE:CNNE)

Cannae Holdings (NYSE:CNNE) Tuesday stated that it has agreed to wind down its Administration Providers Settlement with Trasimene Capital Administration. Efficient July 2, 2024, the MSA shall be amended and restated to offer that Trasimene will obtain a hard and fast administration price of $7.6 million for every of the next three years, and a $20 million termination price, payable in three annual installments commencing on July 2, 2024, and no charges thereafter. William P. Foley, II will function the Chief Govt Officer, Chief Funding Officer, and Chairman of Cannae’s Board of Administrators and has entered right into a three-year employment settlement. Ryan Caswell will stop to be a member of Trasimene as of July 2, 2024, and can proceed to function the President of the Firm and has entered right into a three-year employment settlement. Cannae expects these transactions to be marginally accretive to Internet Asset Worth Per Share upon the efficient date of July 2, 2024. Supply: Press Launch