M&A
confidence high
sentiment neutral
materiality 0.50
Equitable extends tender offer for up to 46M AB units to April 1; 19M preliminary tenders
Equitable Holdings, Inc.
- Offer expiration extended from March 24, 2025 to April 1, 2025; other terms unchanged.
- Preliminary count: 19,028,061 Units properly tendered, including 1,394,553 by guaranteed delivery.
- Offer price $38.50/unit; aggregate purchase price up to ~$1.8 billion.
- Equitable states it will not further extend the Expiration Time or change any terms.