Blackstone in Talks to Merge Alight With SPAC: Reuters
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Blackstone Group Inc. is in talks to merge Alight Solutions LLC with Foley Trasimene Acquisition Corp., a blank-check special acquisition firm backed by investor Bill Foley, Reuters reported.
The merger would lead to Alight, a benefits administrator business, becoming a publicly-listed firm at a valuation of more than $8 billion, the report said, citing unidentified people familiar with the matter. Talks may not lead to a deal, they said.