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AB AllianceBernstein Holding LP

33.25
-0.24 (-0.72%)
02 May 2024 - Closed
Delayed by 15 minutes
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

AB Statement On Visium Transaction

27/07/2016 11:33pm

PR Newswire (US)


AllianceBernstein (NYSE:AB)
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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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