Why Equitable Holdings (EQH) Shares Are Trading Higher

Equitable Holdings Inc EQH shares are trading higher by 4.1% to $53.49 during Monday’s session after the company announced a cash tender offer for up to 46 million units of AllianceBernstein Holding LP AB at $38.50 per unit.

What To Know: Equitable Holdings, Inc. EQH has launched a cash tender offer to acquire up to 46 million units of AllianceBernstein Holding L.P. AB at $38.50 per unit, representing a 7.8% premium over AB's closing price on February 21, 2025.

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The offer, totaling approximately $1.8 billion, seeks to increase Equitable's economic interest in AllianceBernstein from 61.9% to 77.5%.

What Else: Equitable, which currently holds no outstanding AB Holding units, aims to strengthen its position in AB, providing unitholders with an opportunity to liquidate their investments at a premium. If more than 46 million units are tendered, Equitable will purchase them on a pro-rata basis. Any units not accepted will be returned to investors.

The offer is set to expire on March 24, 2025, at 5 pm ET, unless extended. Any extension will be announced by 9 am ET the following business day.

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According to data from Benzinga Pro, EQH has a 52-week high of $56.00 and a 52-week low of $32.96.