AllianceBernstein to Buy WP Stewart for $12/Share in Cash, CVR for Possible Added $4/Share

AllianceBernstein L.P. (AllianceBernstein) (NYSE: AB ) and W.P. Stewart & Co., Ltd. (W.P. Stewart) 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