Equitable Holdings, Inc. intraday rises 2.03% due to WH Ireland's Capital Markets arm sale to Zeus Capital, indicating potential market restructuring impact.
ByAinvest
Monday, Jul 15, 2024 11:58 am ET1min read
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Equitable Holdings, Inc. experienced a 2.03% intraday rise during trading. The stock's upward movement was likely influenced by the news that WH Ireland Group PLC completed the sale of its Capital Markets division to Zeus Capital Ltd. This sale, announced in June, involved a deferred consideration of up to GBP5 million and marked a change in strategy for WH Ireland, which focuses on wealth management and has 125 corporate clients. The news, though specific to WH Ireland, could have positively affected Equitable Holdings, given the potential for improved market perception or synergies in the industry, even though the companies are not directly related.

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