02:48 PM EDT, 07/12/2024 (MT Newswires) -- Alight (ALIT) said Friday that it has completed the $1.2 billion sale of its professional services segment and payroll and outsourcing businesses to an affiliate of H.I.G. Capital. The combined payroll and professional services business would operate as an independent entity under the Strada name, the company said. Alight received $1 billion in...

July 12 (Reuters) - Arbor Realty Trust ( ABR ) is being probed by federal prosecutors and the Federal Bureau of Investigation in New York months after short sellers attacked the lender's practices and disclosures, Bloomberg News reported on Friday. Shares of the company fell more than 19% in afternoon trading. In 2023, short sellers, including Viceroy Research and NINGI...

Goldman Sachs Group Inc ( GS ). and Morgan Stanley ( MS ) are reportedly preparing to arrange more than $6.5 billion (6 billion euros) in debt financing for potential buyers interested in acquiring Sanofi SA’s consumer health division. This move highlights banks’ strong interest in supporting leveraged buyouts through pre-arranged financing. The financing effort, spearheaded by Goldman Sachs (...

IM Cannabis Corp. ( IMCC ) , a leading medical marijuana company announced that its common shares are trading on a 6:1 post-consolidated basis. This significant change follows the company's strategic decision to reduce its outstanding shares, potentially making the stock more attractive to institutional investors and improving liquidity. Share Consolidation Impact The recent consolidation reduced the number of outstanding shares...