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AllianceBernstein downgraded at TD Cowen after Equitable tender offer on ‘negative signals’ (AB:NYSE)

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AllianceBernstein (NYSE:AB) was downgraded at TD Cowen after Equitable Holdings (NYSE:EQH) announced a tender offer for up to 46M units of the asset manager, citing the tender offer sends “several negative signals”.

EQH commenced a cash tender offer to purchase

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