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NEW YORK, April 03, 2025--(BUSINESS WIRE)--Equitable Holdings, Inc. (NYSE: EQH), the leading financial services holding company of Equitable, AllianceBernstein and Equitable Advisors, today announced the final results of its cash tender offer to purchase up to 46,000,000 units ("Units") representing assignments of beneficial ownership of limited partnership interests in AllianceBernstein Holding L.P. (NYSE: AB) ("AB Holding"), at a price of $38.50 per Unit, net to the seller in cash, for an aggregate purchase price of up to approximately $1.8 billion, less any applicable tax withholding (the "Offer"), which expired at 5:00 p.m., New York City time, on April 1, 2025 (the "Expiration Time").
Based on the final count by the depositary and paying agent for the Offer, a total of 19,682,946 Units were properly tendered and not properly withdrawn under the Offer prior to the Expiration Time.
Pursuant to the terms of the Offer, Equitable has accepted for payment all 19,682,946 Units for an aggregate cost of approximately $757.8 million, excluding fees and expenses relating to the Offer. The depositary and paying agent will promptly pay for the Units accepted for payment.
The Units that Equitable accepted for purchase represent approximately 17.8% of the outstanding Units as of December 31, 2024. After giving effect to such purchase, Equitable will have an approximate 68.6% economic interest in AllianceBernstein L.P., the operating partnership of AB Holding.
Questions regarding the Offer and requests for assistance in connection with the Offer may be directed to D.F. King & Co., Inc. ("D.F. King"), the information agent for the Offer, by contacting them at (800) 848-3402 (toll-free) or via email at AB@dfking.com. Banks and brokers may contact D.F. King at (212) 269-5550 or Barclays Capital Inc., the dealer manager for the Offer, at (800) 438-3242 (toll-free). Computershare Trust Company, N.A. is acting as depositary and paying agent for the Offer.
This press release is provided for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell any Units.
About Equitable Holdings
Equitable Holdings, Inc. (NYSE: EQH) is a leading financial services holding company comprised of complementary and well-established businesses, Equitable, AllianceBernstein and Equitable Advisors. Equitable Holdings has $1.0 trillion in assets under management and administration (as of 12/31/2024) and more than 5 million client relationships globally. Founded in 1859, Equitable provides retirement and protection strategies to individuals, families and small businesses. AllianceBernstein is a global investment management firm that offers diversified investment services to institutional investors, individuals and private wealth clients. Equitable Advisors, LLC (Equitable Financial Advisors in MI and TN) has 4,600 duly registered and licensed financial professionals that provide financial planning, wealth management, retirement planning, protection and risk management services to clients across the country.