Equitable Holdings (EQH) said Monday it launched a cash tender offer to purchase up to 46 million AllianceBernstein Holding (AB) units for $38.50 per unit, totaling about $1.8 billion.
The company said the price represents a 7.8% premium over AB Holding's Feb. 21 closing price.
The offer represents roughly 41.7% of AB Holding's outstanding units, the company said, adding if the offer is fully subscribed, Equitable's economic interest in AB will rise to about 77.5%.
The offer is subject to the terms and conditions outlined in the offer to purchase and the related letter of transmittal, both dated Feb. 24.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。