Cannae Holdings, Inc. Announces Sale of Lifeworks Corporation Ltd.
Cannae Holdings, Inc. today announced the close of the sale of Lifeworks Corporation Ltd. to Morneau Shepell Inc. for $325 million payable in a combination of cash and Morneau Shepell shares. Cannae Holdings will receive approximately $56 million in cash proceeds for its interest in Lifeworks. The transaction closed July 27, 2018 and Cannae expects to receive its portion of the cash proceeds at the end of August 2018.
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