The Online Investor
Asset Management M&A image Asset Management M&A » By The Online Investor Staff, updated Sun., May. 16, 5:12 PM Recent mergers and acquisitions in the Asset Management M&A category.

Slide #25. AllianceBernstein L.P. W.P. Stewart & Co., Ltd.

Acquirer: AllianceBernstein L.P. (NYSE:AB)
Acquiree: W.P. Stewart & Co., Ltd. (WPSL)
Details: AllianceBernstein L.P. (AllianceBernstein) (NYSE: AB) and W.P. Stewart & Co., Ltd. (W.P. Stewart) (Pink Sheets: WPSL), announced today that the two firms have entered into a definitive agreement whereby AllianceBernstein, a global investment management firm with $444 billion in assets under management, will acquire W.P. Stewart, an equity investment manager that currently manages $2 billion in U.S., Global and EAFE concentrated growth equity strategies for institutional and retail clients, primarily in the U.S. and Europe. Upon completion of the acquisition, W.P. Stewart's investment services will be added to AllianceBernstein's equity offering. W.P. Stewart's team of seasoned investment managers will remain in place and continue to manage their investment services as they do today. At the same time, they will gain access to AllianceBernstein's broad global reach and research team, and benefit from extensive access to corporate management.

AllianceBernstein Holding provides research, investment management and related services to a range of clients. Co.'s principal services include: institutional, which services institutional clients, including private and public pension plans, foundations and endowments, insurance companies, and central banks and governments; retail, which services retail clients, primarily by means of retail mutual funds; private wealth management, which services private clients, including high-net-worth individuals and families, trusts and estates, and partnerships; and Bernstein research services, which services institutional investors, such as pension fund, and hedge fund and mutual fund managers.

Open the AB Page at The Online Investor »

Company Name: 
AllianceBernstein Holding LP
Asset Management

Open the AB Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Buy (3.25 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Asset Management M&A - Slide 25 of 49 Page |

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.