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

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

, MT Newswires - 10:24 AM ET 4/3/2025 mergers-and-acquisitions

10:24 AM EDT, 04/03/2025 (MT Newswires) -- 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 ( AB ).

Equitable shares fell 9.3%, and AllianceBernstein Holding ( AB ) 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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