Dec. 12, 2013
AllianceBernstein L.P. (AllianceBernstein
), a global investment management firm with
in assets under management as of
November 30, 2013
, announced today that it has completed the acquisition of
& Co., Ltd. (Pink Sheets: WPSL), an equity manager with approximately
in assets under management in U.S., Global and EAFE concentrated growth equity strategies for institutional and retail clients at closing.
Head of Concentrated U.S. Growth,
James T. Tierney, Jr.
, and Head of Concentrated Global Growth,
, and their teams will remain in place and continue managing their investment services as they have in the past.
As previously disclosed, in exchange for each share of
common stock, AllianceBernstein is paying
per share in cash and issuing one transferable contingent value right entitling the holders to an additional cash payment of
per share if the assets under management in the acquired
investment services reach
on or before the third anniversary of the closing.
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private clients in major world markets.
September 30, 2013
, AllianceBernstein Holding L.P. owned approximately 34.8% of the issued and outstanding AllianceBernstein Units and AXA, one of the largest global financial services organizations, owned an approximate 64.6% economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on our website,
SOURCE AllianceBernstein L.P.