Alight Announces $75 Million Accelerated Share Repurchase Agreement
Alight, Inc. Class A (ALIT)
Company Research
Source: Business Wire
LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--Alight (NYSE: ALIT or the “Company”), a leading cloud-based human capital technology and services provider, today announced that it has entered into an accelerated share repurchase agreement ("ASR") with Barclays Bank PLC to repurchase $75 million of Alight's common stock, as part of the Company's existing share repurchase program which had remaining authority of $168 million as of June 14, 2024.Under the terms of the ASR, Alight will make an initial payment of $75 million to Barclays Bank PLC and will receive an initial delivery of shares equal in value to 80% of the prepayment amount of $75 million, based on Alight’s closing share price as of the effective date of July 15, 2024. The final number of shares to be repurchased will be based on the volume-weighted average price of Alight's common stock during the term of the transaction, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR. The final settlemen
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ALIT
News
- Alight, Inc. (NYSE: ALIT) had its price target lowered by analysts at Bank of America Co. from $10.00 to $9.50. They now have a "buy" rating on the stock.MarketBeat
- Alight, Inc. (NYSE: ALIT) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $12.00 price target on the stock.MarketBeat
- Alight authorizes $75M accelerated share repurchase pact [Seeking Alpha]Seeking Alpha
- All You Need to Know About Alight (ALIT) Rating Upgrade to Buy [Yahoo! Finance]Yahoo! Finance
- ALIT vs. FFIV: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
ALIT
Earnings
- 5/8/24 - Beat
ALIT
Sec Filings
- 6/18/24 - Form 8-K
- 6/6/24 - Form 8-K
- 6/4/24 - Form ARS
- ALIT's page on the SEC website