AXA to Sale 40 Million EQH Shares for $834 Million
June 07 2019 - 2:24AM
Dow Jones News
By Olivia Bugault
AXA SA (CS.FR) said Thursday that it has sold 40 million shares
of its subsidiary AXA Equitable Holdings Inc. (EQH), known as EQH,
for $834 million.
AXA said that the shares have been sold for a net price of
$20.85 each.
The company has granted its underwriters --Barclays and Morgan
Stanley-- a 30-day option to buy up to 6 million additional shares
of EQH.
AXA's stake in EQH will fall to roughly 40.1% from around 48.3%
upon completion of the offering, AXA said.
Write to Olivia Bugault at olivia.bugault@dowjones.com
(END) Dow Jones Newswires
June 07, 2019 02:09 ET (06:09 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Axa (EU:CS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Axa (EU:CS)
Historical Stock Chart
From Apr 2023 to Apr 2024
