Brief: Alliancebernstein Holding Lp - Enters Agreement To Issue Up To 10 Million Units To Equitable Holdings

Alliancebernstein Holding LP

19/12/2024 21:31

Dec 19 (Reuters) - AllianceBernstein Holding LP  AB.N :
    * ALLIANCEBERNSTEIN HOLDING LP - ENTERS AGREEMENT TO ISSUE
UP TO
10 MILLION UNITS TO EQUITABLE HOLDINGS
    * ALLIANCEBERNSTEIN HOLDING LP - AND, EQH EXCHANGE 5.2
MILLION AB
UNITS, REDUCING AVAILABLE UNITS FOR FUTURE EXCHANGE
    * ALLIANCEBERNSTEIN HOLDING LP - PROCEEDS FROM SALE TO BE
USED FOR
DEBT REPAYMENT AND INVESTMENT INITIATIVES
    * ALLIANCEBERNSTEIN HOLDING LP - SELLS 4.2 MILLION AB UNITS
TO EQH
FOR $35.59 PER SHARE

Source text:  ID:n0000825313-24-000087 
Further company coverage:  AB.N 

 ((Reuters.Briefs@thomsonreuters.com;))