Equitable Holdings ( (EQH) ) has shared an announcement.
On April 2, 2025, Equitable Holdings announced the preliminary results of its tender offer to purchase up to 46 million units in AllianceBernstein Holding L.P., which expired on April 1, 2025. The company expects to acquire approximately 19.77 million units for around $761 million, increasing its economic interest in AllianceBernstein to 68.6%. This move is significant for Equitable Holdings as it strengthens its position in the investment management industry and impacts stakeholders by consolidating its control over AllianceBernstein.
More about Equitable Holdings
Equitable Holdings, Inc. is a leading financial services holding company that includes Equitable, AllianceBernstein, and Equitable Advisors. The company manages $1.0 trillion in assets and serves over 5 million clients globally. Equitable provides retirement and protection strategies, while AllianceBernstein offers diversified investment services. Equitable Advisors provides financial planning, wealth management, and risk management services across the United States.
YTD Price Performance: 11.37%
Average Trading Volume: 2,974,336
Technical Sentiment Signal: Sell
Current Market Cap: $15.98B
See more data about EQH stock on TipRanks’ Stock Analysis page.