Dun & Bradstreet Holdings Inc. has received overwhelming shareholder approval for its $7.7 billion acquisition by Clearlake Capital Group, expected to close in the third quarter of this year. During a virtual special meeting on June 12, 345.9 million shares voted in favor of the deal, while only 3 million opposed it. Clearlake will pay $9.15 per share, significantly lower than Dun & Bradstreet's initial public offering price of $22 in July 2020 and its closing price of $10.29 on August 1, 2024, prior to acquisition discussions.
The agreement included a 30-day go-shop period for other potential offers, but no competing bids emerged. Cannae Holdings Inc., Dun & Bradstreet's largest shareholder with a 13.5% stake, expressed support for the acquisition when it was announced on March 24.
In another significant development, Redwire Corp. finalized its $925 million acquisition of Edge Autonomy on June 13. This deal enhances Redwire's position in the aerospace and defense sectors, as Edge Autonomy specializes in uncrewed airborne systems. CEO Peter Cannito emphasized the strategic advantages this acquisition brings to U.S. and allied military operations.
Financial reports indicate that Edge Autonomy generated $195 million in revenue in 2024 and $35.4 million in the first quarter of 2025. Redwire's revenue for 2024 was $304 million, with projections for the combined entity to reach between $535 million and $605 million this year. The acquisition was financed through $160 million in cash and $765 million in stock, with AE Industrial Partners, the previous owner of Edge Autonomy, regaining majority control of Redwire with a 60.3% stake.
Additionally, Fidelity National Financial shareholders approved a redomestication plan on June 11, moving the company's incorporation from Delaware to Nevada while maintaining its headquarters in Jacksonville. The decision, supported by a nearly 2-to-1 margin, aims to address concerns over Delaware's legal environment. Fidelity reassured stakeholders that the redomestication would not affect its operations or employee locations.
Despite economic uncertainties, Fidelity National Information Services Inc. (FIS) remains optimistic about its sales pipeline. CEO Stephanie Ferris noted that demand has remained strong, even after the company divested its Worldpay merchant payments business to focus on core banking services. Ferris shared these insights during a talk at the Mizuho Technology Conference on June 10, highlighting the resilience of FIS's business amidst global challenges.
