Cannae Holdings publishes sum-of-the-parts presentation outlining $24.27 per-share illustrative net asset value

Cannae Holdings outlined an illustrative net asset value of $1.05 billion, or $24.27 per share, based on 43,400,000 shares.

• Holding company cash and short-term investments totaled $123.7 million, offset by $47.5 million of debt.
• The sum-of-the-parts table showed $280.4 million attributed to its largest holding, representing about 42% of the portfolio.
• Other reported stakes included AmeriLife at $77.1 million, Alight and SpaceX at $91.9 million, and other investments and assets at $108.4 million.
• The presentation flagged strategic alternatives under review for the Restaurant Group.