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Synopsis
Cannae, a financial services company, completed a $50m investment in JANA Partners, an investment firm focused on creating value through shareholder engagement. “I am very excited to partner with Barry Rosenstein and Scott Ostfeld, who have built an incredible track record as public company investors. Through our investment in JANA, we will have access to proprietary deal flow and acquisition opportunities in undervalued companies and, as an owner of JANA, will also participate in the future success of JANA," William P. Foley, II, Cannae Chairman and Chief Executive Officer.
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