Board of Directors Approves the Acquisition of Assets of Alliance All-Market Advantage Fund, Inc. by AllianceBernstein Large Cap
02 August 2007 - 10:15PM
PR Newswire (US)
NEW YORK, Aug. 2 /PRNewswire-FirstCall/ -- Alliance All-Market
Advantage Fund, Inc. ("All-Market") (NYSE:AMO) announced that its
Board of Directors has approved and recommended to stockholders the
acquisition of the assets and liabilities of All-Market by
AllianceBernstein Large Cap Growth Fund, Inc, an open-end fund that
pursues a similar investment strategy (the "Acquisition"). The
Acquisition is subject to approval by stockholders of All-Market. A
Special Meeting of Stockholders of All-Market is scheduled to be
held on November 9, 2007. The close of business on August 31, 2007
has been fixed as the record date for the Special Meeting of
Stockholders. If stockholders approve the Acquisition, it is
expected to occur late in the last quarter of this year or in the
first quarter of 2008. Each of the Funds is a diversified
U.S.-registered management investment company advised by
AllianceBernstein L.P. As of July 27, 2007, the net assets of
All-Market and AllianceBernstein Large Cap Growth Fund, Inc. were,
$48,778,896, and $2,414,270,865, respectively. DATASOURCE: Alliance
All-Market Advantage Fund, Inc. CONTACT: Shareholder Contact,
+1-800-221-5672 Web site: http://www.alliancebernstein.com/
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