Press release content from Business Wire. The AP news staff was not involved in its creation.
Cannae Holdings, Inc. Announces Austerlitz Acquisition Corp. II Filing of S-1
February 10, 2021 GMT
LAS VEGAS (BUSINESS WIRE) Feb 10, 2021
Cannae Holdings, Inc. (NYSE:CNNE) (“Cannae” or the “Company”) today announced that Austerlitz Acquisition Corp. II (“ASZ”) has filed a registration statement on Form S-1 (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of 100,000,000 units at a price of $10.00 per unit, each consisting of one share of AUS Class A common stock, and one-fourth of one redeemable warrant. Each whole warrant entitles the holder to one share of ASZ Class A common stock at a price of $11.50 per share. ASZ has applied to list its units on the New York Stock Exchange under the symbol “ASZ.U.”
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Cerberus Sentinel announces Sandra Morgan to join Board of Directors
Cerberus Cyber Sentinel CorporationFebruary 2, 2021 GMT
SCOTTSDALE, Ariz., Feb. 02, 2021 (GLOBE NEWSWIRE) Cerberus Cyber Sentinel Corporation (OTC: CISO), a cybersecurity consulting and managed services firm based in Scottsdale, Ariz., announced that Sandra Morgan has joined its board of directors.
Morgan adds significant legal, regulatory and compliance experience to the board. Previously, she served as chair of the Nevada Gaming Control Board and commissioner of the Nevada Gaming Commission. She also has served as director of external affairs at AT&T Services, Inc., as the city attorney for the City of North Las Vegas, as a litigation attorney for MGM Mirage, and as an athletic commissioner on the Nevada State Athletic Commission. Morgan currently serves on the board of directors at Fidelity National Financial, In
Another blank check company formed by Fidelity National Financial Inc. Chairman Bill Foley announced a multibillion-dollar deal this week.
Foley Trasimene Acquisition Corp., a company formed to seek an acquisition, is merging with Alight Solutions, a provider of digital human capital and business solutions.
The merged company known as Alight Inc. is valued at $7.3 billion.
This follows the December deal of a different blank check company, Foley Trasimene Acquisition Corp. II, to acquire payment processing company Paysafe Group Holdings Ltd. in a deal valued at $9 billion.
Both deals include investments from subsidiaries of Fidelity and from Cannae Holdings Inc., an investment company spun off from Fidelity.
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“This transaction represents the next step in the process to deploy capital out of spread-based risks,” Allstate Chief Executive Tom Wilson said Wednesday on a conference call about the transaction. “This transaction is economically attractive when compared to issuing life insurance and running off the closed block of annuities.”
Allstate shares were up a touch to $109.7 at 9:35 a.m. in New York on Wednesday but dropped a bit later in the day. The deal is expected to close in the second half of this year, and to cause a roughly $3.1 billion financial book loss for Allstate in the first quarter.
Blackstone Buys Allstate Life Insurance Business for $2.8B
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Blackstone Group Inc. agreed to buy a life business from Allstate Corp. for $2.8 billion as the private equity firm expands its foothold in the insurance industry.
Entities managed by Blackstone will purchase
Allstate Life Insurance Co., the insurer said in a statement. Allstate will retain a New York life business and is seeking a way to sell or transfer risk from that unit to a third party.
Allstate has been looking to pivot away from life insurance and annuities as the Northbrook, Illinois-based firm focuses more on property-casualty products such as identity protection and personal coverage. The deal will help Blackstone expand further into life insurance and annuities after its work with