Equitable Holdings, Inc. announced on March 24, 2025, an extension of its cash tender offer for up to 46,000,000 units of AllianceBernstein Holding L.P. The expiration time for the offer was extended from March 24, 2025, to April 1, 2025.
Based on a preliminary count, a total of 19,028,061 units were properly tendered and not properly withdrawn by the original deadline. This indicates significant interest in the offer, though it is less than the maximum target.
Equitable Holdings stated it does not intend to further extend the expiration time or change any other terms of the offer. The extension allows additional time for unitholders to participate in this strategic transaction, which aims to increase Equitable's economic interest in AllianceBernstein.
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