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An update from Alight (ALIT) is now available.
Alight, Inc. finalized the sale of its Professional Services and Payroll & HCM Outsourcing business to Axiom Buyer, LLC, an affiliate of H.I.G. Capital, on July 12, 2024. Following the transaction’s closure, Alight’s COO, Katie J. Rooney, stepped down, with substantial cash bonuses awarded to key executives for their role in the deal. Additionally, Alight plans to update investors with a webcast and presentation, assuring that financial results are on target while the divested business performed slightly below expectations.
Learn more about ALIT stock on TipRanks’ Stock Analysis page.
