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Stock impact report

AllianceBernstein Announces Offer To Acquire Autonomous Research

AllianceBernstein Holding L.P. Units (AB) 
Last alliancebernstein holding l.p. units earnings: 4/28 06:20 am Check Earnings Report
Company Research Source: PR Newswire
NEW YORK, Nov. 20, 2018 /PRNewswire/ -- AllianceBernstein (AB) and Autonomous Research (Autonomous) announced today that AB has made an offer to acquire all the partnership interests and shares of Autonomous. AB is a leading global asset manager with $530 billion of assets under management and its Bernstein subsidiary is an industry leader in institutional equity research and trading. Autonomous is a well-known and highly regarded global financial services and fintech focused institutional research firm. Through the combination, Bernstein gains further scale to continue investing in its top-ranked research offering, while Autonomous obtains access to the broad distribution reach of Bernstein's global institutional sales team and the infrastructure and related efficiencies of Bernstein's global trading operations. AB's strong suit has always been, and will continue to be, the firm's commitment to fundamental research. The culture, insights and skills that flow from a deep tradition of Show less Read more
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