Schulte Roth & Zabel represented JANA Partners("JANA"), an investment firm focused on creating value through shareholder engagement, in a constructive partnership with Cannae Holdings, Inc. ("Cannae").

The deal will benefit JANA investors who will realize an increase in returns through the expansion of its industry operator network and support an M&A mechanism to expand shareholder value. JANA Partnerswas founded in 2001 byBarry Rosenstein and invests in undervalued public companies by engaging with management teams and boards to unlock value for shareholders and improves governance at public companies.

The Schulte team was ledby Of Counsel Stuart Freedman; Partner Ele Klein, Co-chair of the M&A and Securities and Global Shareholder Activism Groups; Partners Philippe Benedict (Tax) and Damian Petrovic (M&A and Securities) along with Special Counsel Margaret Hanson (M&A and Securities) and Christine Harlow (Tax) and M&A and Securities Associates Brandon Gold and Nikki Nikova.

Read the Financial Times article here.