Jul. 10 at 3:50 PM
$ALIT There's a reason we've seen a 29% gain in the past 5 trading days. I went looking for a reason and it took A.I. to get the answer. KKR, via a Spinco (temporary entity name common in Private equity deals), signed an agreement with Alight to purchase their Employer Solutions business for
$2.2 B via a tax-free Reverse Morris Trust arrangement (tax-free to Alight and to shareholders). Assuming it closes (expected Q4 2026 and A.I. gives currently predicts an 85-90% of approval),
$1.8 Billion distributed to Alight Shareholders as a one-time dividend; plus, 1 share of the new Spinco company for each current share of Alight Stock; plus, continued ownership in Alight's remaining wealth and navigation solutions business. SEC S-4 Registration Statement, Joint Proxy/Prospectus filing expected end of summer. Search "KKR Swoops In:
$2.2B Grab of Alight's Benefits Business". I've researched the source and private markets minutes is legit. Down on low-volume days tells who's selling.
