NEW YORK: Blackstone Group Inc’s Alight Solutions is nearing a deal to go public via a merger with a blank-cheque special acquisition firm backed by investor Bill Foley, according to a person familiar with the matter.
The deal by Foley Trasimene Acquisition Corp would value Alight, a benefits administrator business, at US$7.3bil including debt, the person said, who asked not to be identified because the information was private.
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