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John Dorfman: Old Faithful screen has lived up to its name


John Dorfman
AP
 
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I’ve never seen the Old Faithful Geyser in Yellowstone National Park. But I’m grateful to it.
Years ago, I named one of my stock screens (computerized stock-picking aids) after it. And it has indeed served me faithfully.
I use the screen to help pick stocks for clients, and once a year I write a column featuring some stocks it highlights. On the previous 18 columns, the average 12-month gain has been 21.7%. That compares well with 8% for the Standard & Poor’s 500 Index over the same periods. ....

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Foley-backed SPAC agrees to $7.3 billion deal with Blackstone's Alight


3 Min Read
(Reuters) - A blank-check firm backed by prominent investor Bill Foley has agreed to take Alight Solutions LLC, the U.S. benefits services provider owned by buyout firm Blackstone Group, public in a deal valued at $7.3 billion, the companies said on Monday.
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid
Reuters was first to report on Sunday that special purpose acquisition company (SPAC) Foley Trasimene Acquisition Corp was nearing a deal with Alight. ....

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Foley's SPAC in $7.3B Deal to Take Blackstone's Benefits Firm Alight Public


Foley’s SPAC in $7.3B Deal to Take Blackstone’s Benefits Firm Alight Public
By Anirban Sen | January 25, 2021
A blank-check firm backed by prominent investor Bill Foley has agreed to take Alight Solutions LLC, the U.S. benefits services provider owned by buyout firm Blackstone Group, public in a deal valued at $7.3 billion, the companies said on Monday.
Reuters was first to report on Sunday that Foley Trasimene Acquisition Corp was nearing a deal to take Alight public.
The deal includes an investment of $1.55 billion from a number of investors, including a $250 million investment from Cannae Holdings Inc, and a $150 million investment from Fidelity National Title Insurance Co., Chicago Title Insurance Co. and Commonwealth Land Title Insurance Co. ....

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