Equitable Holdings, Inc. announced on April 2, 2025, the final results of its cash tender offer for units of AllianceBernstein Holding L.P. A total of 19,682,946 units were properly tendered and accepted for payment.
The aggregate cost for these units was approximately $757.8 million, excluding fees and expenses related to the offer. These purchased units represent approximately 17.8% of AllianceBernstein Holding's outstanding units as of December 31, 2024.
Following this purchase, Equitable Holdings' economic interest in AllianceBernstein L.P. has increased to approximately 68.6%. This successful tender offer strengthens Equitable's strategic position in the asset management sector and is expected to contribute to its long-term financial performance.
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