March 2, 2010 (FinancialWire) — AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P. said that they plan to engage in open-market purchases of up to three million AllianceBernstein Holding Units to help fund anticipated obligations under their incentive compensation award program.

New York-based AllianceBernstein is a global investment management firm that offers research and diversified investment services to institutional clients, individuals and private clients in various markets around the world.

The firm employs more than 500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies and alternative investments and, through its subsidiaries and joint ventures, operates in more than 20 countries.

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