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Another blank check company formed by Fidelity National Financial Inc. Chairman Bill Foley announced a multibillion-dollar deal this week.
Foley Trasimene Acquisition Corp., a company formed to seek an acquisition, is merging with Alight Solutions, a provider of digital human capital and business solutions.
The merged company known as Alight Inc. is valued at $7.3 billion.
This follows the December deal of a different blank check company, Foley Trasimene Acquisition Corp. II, to acquire payment processing company Paysafe Group Holdings Ltd. in a deal valued at $9 billion.
Both deals include investments from subsidiaries of Fidelity and from Cannae Holdings Inc., an investment company spun off from Fidelity.
When Cracker Barrel Old Country Store Inc. bought Maple Street Biscuit Company last year, it promised not to tamper with the successful formula of the restaurant chain founded in Jacksonville.
However, the company did make one change that is having a positive impact: opening Maple Street restaurants on Sundays.
Cracker Barrel did not report sales data for Maple Street when the company reported earnings last week for its first quarter ended Oct. 30.
However, in the company’s conference call with analysts, CEO Sandy Cochran said Maple Street’s comparable-store sales (sales at stores open for more than one year) were about 20% higher than a year ago.