Cannae Holdings to sell Brasada Ranch to Foley in put right deal
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Cannae Holdings, Inc. Agrees to Sell Brasada Ranch to a Company Owned by William P. Foley, II in Exchange for Termination of Mr. Foley’s Put Right
July 1, 2026 8:30 AM EDT~ Sale Accomplishes Multiple Strategic Objectives by Monetizing Non-Core Asset, Eliminating Put Right and Associated Liability, and Freeing up Significant Capital ~
LAS VEGAS--(BUSINESS WIRE)-- Cannae Holdings, Inc. (NYSE: CNNE) ("Cannae" or the "Company") today announced that it has entered into an agreement to sell its 87% ownership interest in Brasada Ranch (Brasada), a destination resort located in Powell Butte, Oregon, to a company owned by William P. Foley, II, Cannaes Vice Chairman, in exchange for the termination of Mr. Foleys put right (collectively, the Transaction).
The Transaction represents an... More
