Cannae Holdings Divests Brasada Ranch to William P. Foley, II to Terminate Put Right Obligation

Cannae Holdings, Inc. reached an agreement on July 1, 2026, to sell its interest in Brasada Ranch to an entity owned by William P. Foley, II. Under the terms of the transaction, the company will transfer ownership of the property in exchange for the termination of a put right previously held by Mr. Foley.

The agreement resolves the existing contractual obligation regarding the put right, which granted Mr. Foley the option to require Cannae Holdings to purchase his interests under specific conditions. By divesting the Brasada Ranch asset, Cannae Holdings eliminates this potential liability from its balance sheet. The transaction involves the transfer of all operations and assets associated with the Oregon-based resort property to the buyer. Both parties finalized the terms of the exchange on Wednesday, marking the conclusion of the company’s involvement with the ranch.

Newsflash | Powered by GeneOnline AI

Source: GO-AI-ne1

For any suggestion and feedback, please contact us.

Date: July 1, 2026

Author

GOAI