BRIEF-Alliancebernstein Holding Lp - Enters Agreement To Issue Up To 10 Million Units To Equitable Holdings

Reuters12-20

Dec 19 (Reuters) - AllianceBernstein Holding LP :

* ALLIANCEBERNSTEIN HOLDING LP - ENTERS AGREEMENT TO ISSUE UP TO 10 MILLION UNITS TO EQUITABLE HOLDINGS

* ALLIANCEBERNSTEIN HOLDING LP - AND, EQH EXCHANGE 5.2 MILLION AB UNITS, REDUCING AVAILABLE UNITS FOR FUTURE EXCHANGE

* ALLIANCEBERNSTEIN HOLDING LP - PROCEEDS FROM SALE TO BE USED FOR DEBT REPAYMENT AND INVESTMENT INITIATIVES

* ALLIANCEBERNSTEIN HOLDING LP - SELLS 4.2 MILLION AB UNITS TO EQH FOR $35.59 PER SHARE

Source text: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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