Equitable Holdings Reports Final Results of Tender Offer for AllianceBernstein Holding Units

MT Newswires Live

Apr 03, 2025

Equitable Holdings (EQH) reported the final results of its cash tender offer to buy up to 46 million units of AllianceBernstein Holding (AB) at $38.50 apiece for up to $1.8 billion.

About 19.7 million units were tendered under the offer, which expired on Tuesday, with payment totaling $757.8 million, Equitable said Thursday in a statement.

The units accepted for purchase represent almost 18% of the outstanding units as of Dec. 31, leaving Equitable with a 68.6% stake in AllianceBernstein LP, the operating partnership of AllianceBernstein Holding.

Equitable shares fell 9.3%, and AllianceBernstein Holding dropped 4.3% in recent Thursday trading as the broader equity market tumbled.

Price: 49.84, Change: -5.09, Percent Change: -9.27

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