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Share Name | Share Symbol | Market | Type |
---|---|---|---|
AllianceBernstein Holding LP | NYSE:AB | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.24 | -0.72% | 33.25 | 33.71 | 32.71 | 33.55 | 356,161 | 01:00:00 |
NEW YORK, July 27, 2016 /PRNewswire/ -- AllianceBernstein L.P. ("AB"), a leading global investment firm with $489.5 billion in assets under management as of June 30th, 2016, issued the following statement:
"Having determined that an opportunity involving the Visium Global Fund was not feasible, we will not proceed with the transaction."
About AB
AB is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets.
At June 30, 2016, AB Holding owned approximately 35.9% of the issued and outstanding AB Units and AXA, one of the largest global financial services organizations, owned an approximate 63.8% economic interest in AB.
Additional information about AB may be found on our website, www.abglobal.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ab-statement-on-visium-transaction-300305215.html
SOURCE AllianceBernstein L.P.
Copyright 2016 PR Newswire
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