{"id":792485,"date":"2024-12-04T14:10:03","date_gmt":"2024-12-04T19:10:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/alight-issues-statement-in-conjunction-with-cannae\/"},"modified":"2024-12-04T14:10:03","modified_gmt":"2024-12-04T19:10:03","slug":"alight-issues-statement-in-conjunction-with-cannae","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/alight-issues-statement-in-conjunction-with-cannae\/","title":{"rendered":"Alight Issues Statement in Conjunction with Cannae"},"content":{"rendered":"

<\/p>\n

Alight Issues Statement in Conjunction with Cannae<\/b><\/p>\n

CHICAGO–(BUSINESS WIRE<\/a>)–
\nAlight, Inc. (NYSE: ALIT) (the “Company\u201d), a leading cloud-based human capital technology and services provider, today issued a statement on behalf of Cannae and Alight\u2019s Chairman of the Board William P. Foley, II.<\/p>\n

\n\u201cYesterday, Cannae sold 12 million shares of Alight\u2019s common stock in support of Cannae\u2019s own liquidity needs. Cannae does not generate operating income and will from time to time sell assets to generate cash for our strategic needs. This sale met that objective, and we do not have any expectations for additional sales of Alight shares for the foreseeable future. Our conviction in Alight\u2019s attractive long-term thesis and financial profile is steadfast,\u201d commented Foley.<\/p>\n

About Alight Solutions<\/b><\/p>\n

\nAlight is a leading cloud-based human capital technology and services provider for many of the world\u2019s largest organizations. Through the administration of employee benefits, Alight powers confident health, wealth, leaves and wellbeing decisions for 35 million people and dependents. Our Alight Worklife\u00ae<\/sup> platform empowers employers to gain a deeper understanding of their workforce and engage them throughout life\u2019s most important moments with personalized benefits management and data-driven insights, leading to increased employee wellbeing, engagement and productivity. Learn how Alight unlocks growth for organizations of all sizes at alight.com<\/a>.<\/p>\n

Forward-looking statements<\/b><\/p>\n

\nThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, these forward-looking statements can be identified by the use of words such as \u201coutlook,\u201d \u201cbelieves,\u201d \u201cexpects,\u201d \u201cpotential,\u201d \u201ccontinues,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cseeks,\u201d \u201cprojects,\u201d \u201cpredicts,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cestimates,\u201d \u201canticipates\u201d or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties including, among others, risks described under the section entitled \u201cRisk Factors\u201d of Alight\u2019s Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on February 29, 2024, and in the Quarterly Report on Form 10-Q filed with the SEC on May 8, 2024 and on November 12, 2024, as such factors may be updated from time to time in Alight’s filings with the SEC, which are, or will be, accessible on the SEC’s website at www.sec.gov<\/a>. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be considered along with other factors noted in this presentation and in Alight\u2019s filings with the SEC. Alight undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20241204077910\/en\/<\/a><\/span><\/p>\n

\nInvestors:
\n
Jeremy Cohen
\n
investor.relations@alight.com<\/a><\/p>\n

\nMedia:
\n
Mariana Fischbach
\n
mariana.fischbach@alight.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Illinois<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Data Management Technology Human Resources Finance Software<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Alight Issues Statement in Conjunction with Cannae CHICAGO–(BUSINESS WIRE)– Alight, Inc. (NYSE: ALIT) (the “Company\u201d), a leading cloud-based human capital technology and services provider, today issued a statement on behalf of Cannae and Alight\u2019s Chairman of the Board William P. Foley, II. \u201cYesterday, Cannae sold 12 million shares of Alight\u2019s common stock in support of Cannae\u2019s own liquidity needs. Cannae does not generate operating income and will from time to time sell assets to generate cash for our strategic needs. This sale met that objective, and we do not have any expectations for additional sales of Alight shares for the foreseeable future. Our conviction in Alight\u2019s attractive long-term thesis and financial profile is steadfast,\u201d commented Foley. About Alight Solutions Alight … <\/p>\n

Continue reading “Alight Issues Statement in Conjunction with Cannae”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-792485","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAlight Issues Statement in Conjunction with Cannae - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/alight-issues-statement-in-conjunction-with-cannae\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alight Issues Statement in Conjunction with Cannae - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Alight Issues Statement in Conjunction with Cannae CHICAGO–(BUSINESS WIRE)– Alight, Inc. (NYSE: ALIT) (the “Company\u201d), a leading cloud-based human capital technology and services provider, today issued a statement on behalf of Cannae and Alight\u2019s Chairman of the Board William P. Foley, II. \u201cYesterday, Cannae sold 12 million shares of Alight\u2019s common stock in support of Cannae\u2019s own liquidity needs. Cannae does not generate operating income and will from time to time sell assets to generate cash for our strategic needs. This sale met that objective, and we do not have any expectations for additional sales of Alight shares for the foreseeable future. Our conviction in Alight\u2019s attractive long-term thesis and financial profile is steadfast,\u201d commented Foley. 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