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Foley-backed SPAC nears $7.3 billion deal with Blackstone’s Alight: sources – Reuters

A blank-check acquisition firm backed by veteran investor Bill Foley is nearing an agreement to take Alight Solutions LLC, the U.S. benefits services provider owned…

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(Reuters) – A blank-check acquisition firm backed by veteran investor Bill Foley is nearing an agreement to take Alight Solutions LLC, the U.S. benefits services provider owned by buyout firm Blackstone Group Inc, public at a valuation of $7.3 billion including debt, people familiar with the matter said on Sunday.
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan…

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