Tender Offer - ALLIANCEBERNSTEIN HOLDING L.P.
Form Type: SC 13D/A
Filing Date: 2025-04-03
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525071908
Filing Summary: This document is an Amendment No. 4 to the Tender Offer Statement on Schedule TO filed by Equitable Holdings, Inc. It relates to the tender offer to purchase up to 46 million units representing beneficial ownership of limited partnership interests in AllianceBernstein Holding L.P. at a price of $38.50 per unit, equating to an aggregate purchase price of approximately $1.8 billion. The offer expired on April 1, 2025, with Equitable accepting 19,682,946 units, representing about 17.8% of outstanding units. Post-purchase, Equitable will hold around 68.6% economic interest in AllianceBernstein. The document also announces a press release dated April 3, 2025, which outlines the final results of the tender offer, confirming the financial details and next steps regarding the transaction.
Additional details:
Cik Number: 01881G106
Purchase Price Per Unit: $38.50
Units Tendered: 19,682,946
Percentage Of Class: 17.8%
Aggregate Purchase Price: $757.8 million
Economic Interest Percentage: 68.6%
Form Type: SC 13D/A
Filing Date: 2025-04-02
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525070959
Filing Summary: Amendment No. 3 to the Tender Offer Statement on Schedule TO filed by Equitable Holdings, Inc. relates to a tender offer for up to 46,000,000 units representing assignments of beneficial ownership of limited partnership interests in AllianceBernstein Holding L.P. at a purchase price of $38.50 per unit, with an aggregate purchase price of approximately $1.8 billion. This amendment reports preliminary results of the tender offer, which expired on April 1, 2025. On April 2, 2025, a press release was issued announcing these results, which are included as an exhibit to this filing. The reporting person held no beneficial ownership of shares at the time of filing and does not possess voting or dispositive power over the shares.
Additional details:
Name Of Subject Company: AllianceBernstein Holding L.P.
Name Of Filing Person: Equitable Holdings, Inc.
Title Of Class Of Securities: Units Representing Assignments of Beneficial Ownership of Limited Partnership Interests
Cusip Number Of Class Of Securities: 01881G106
Purchase Price Per Unit: $38.50
Total Units Offered: 46,000,000
Aggregate Purchase Price: approximately $1.8 billion
Offer Expiration Date: 2025-04-01
Press Release Date: 2025-04-02
Form Type: SC 13D/A
Filing Date: 2025-03-17
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525055715
Filing Summary: This document is Amendment No. 1 to the Tender Offer Statement on Schedule TO filed by Equitable Holdings, Inc. relating to its offer to purchase up to 46,000,000 units of AllianceBernstein Holding L.P. at a price of $38.50 per unit, totaling approximately $1.8 billion. The amendment provides updates on the treatment of fractional units in the proration of tendered shares. It clarifies language in the Offer to Purchase about avoiding purchases of fractional units. The filing includes various exhibits such as the Offer to Purchase, forms of transmittal letters, and other related documents. All information from the previous Schedule TO remains unchanged except for the amendments provided in this document.
Additional details:
Reporting Person: Equitable Holdings, Inc.
Number Of Shares Beneficially Owned: 0
Percent Of Class Represented: 0.00%
Purchase Price Per Unit: $38.50
Aggregate Purchase Price: approximately $1.8 billion
Form Type: SC 14D9
Filing Date: 2025-03-17
Corporate Action: Tender-offer
Type: New
Accession Number: 000082531325000023
Filing Summary: AllianceBernstein Holding L.P. filed a Schedule 14D-9 relating to a cash tender offer by Equitable Holdings, Inc. to purchase up to 46,000,000 Units at a price of $38.50 per Unit, for an aggregate Purchase Price not exceeding approximately $1.8 billion. The document indicates that as of March 14, 2025, there were 110,455,346 Units issued and outstanding. The independent board committee of the Company has decided to remain neutral regarding the tender offer, urging Unit holders to evaluate the offer based on their personal investment objectives. Additionally, it was disclosed that three executive officers intend to tender a limited portion of their holdings, and that no other transactions in Units have occurred in the last 60 days. There are no ongoing negotiations for extraordinary transactions that would involve the Company or its subsidiaries.
Additional details:
Title Of Class Of Securities: Units Representing Assignments of Beneficial Ownership of Limited Partnership Interests
Tender Offer Price: $38.50
Maximum Tender Units: 46,000,000
Estimated Aggregate Purchase Price: $1.8 billion
Number Of Units Outstanding: 110,455,346
Form Type: SC 13D/A
Filing Date: 2025-02-24
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525032774
Filing Summary: Equitable Holdings, Inc. has submitted a Tender Offer to purchase up to 46,000,000 units representing assignments of beneficial ownership of limited partnership interests in AllianceBernstein Holding L.P. at a purchase price of $38.50 per unit. This offer totals approximately $1.8 billion, net to the seller in cash, and is subject to certain conditions outlined in the Offer to Purchase dated February 24, 2025. The Tender Offer is noted as being made in accordance with the Securities Exchange Act of 1934, under Rule 14d-1. This filing serves as an amendment to Schedule 13D originally filed on August 4, 1992. Equitable Holdings, Inc. is the offeror and the document includes comprehensive details regarding the terms of the transaction, identity and background of the filing person, sources of funds, and purposes of the transaction. Legal representatives and various forms related to the offer are also detailed in the filing. Additionally, specific financial implications and impacts on existing partnerships are outlined.
Additional details:
Title Of Class: Units Representing Assignments of Beneficial Ownership of Limited Partnership Interests
Cik Number: 01881G106
Total Units Offered: 46000000
Purchase Price Per Unit: 38.50
Aggregate Purchase Price: 1800000000
Source Of Funds: OO
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