M&A
confidence high
sentiment neutral
materiality 0.75
Equitable Holdings accepts 19.8M AB Holding units at $38.50; cost ~$761M
Equitable Holdings, Inc.
- Preliminary count: 19,766,878 Units tendered at $38.50/Unit, aggregate cost ~$761M.
- Accepted Units represent 17.9% of outstanding Units; after purchase, Equitable's economic interest in AB L.P. rises to 68.6%.
- No proration; all properly tendered Units accepted. Final count subject to confirmation by depositary.
- Tender offer expired April 1, 2025; payment expected after guaranteed delivery period and confirmation.