Alight Agrees to Sell Payroll and Professional Services Business with 10.2% Share Price Increase
Wednesday, 20 March 2024, 13:50
Alight to Sell Payroll and Professional Services Business
Alight (ALIT) has entered into an agreement to sell its Payroll and Professional Services business for a substantial sum of up to $1.2 billion.
Strategic Deal with H.I.G. Capital Affiliate
The transaction involves the acquisition of Alight's business by an affiliate of H.I.G. Capital, indicating a strategic realignment within the company.
Boost in Shares: 10.2% Surge
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