|
New York, NY - AXA Financial, Inc. (NYSE-AXF) today announced that the Board of Directors
of AXA Financial authorized the purchase of up to 10,000,000 shares of the common stock
of Donaldson, Lufkin & Jenrette, Inc. ("DLJ"). Any such purchases of DLJ stock by AXA
Financial would be coordinated with the DLJ stock repurchase program announced today
and, when aggregated with any purchases under the DLJ stock repurchase program, would
not exceed 10,000,000 shares. The timing and amount of purchases will be at the discretion
of AXA Financial's management and may be open market or private purchases.
AXA Financial directly or indirectly owns approximately 70% of DLJ.
About AXA Financial
AXA Financial, Inc., with approximately $500 billion in assets under management,
is one of the world's premier financial services organizations through its family of
strong, well recognized brands: The Equitable Life Assurance Society, AXA Advisors,
Donaldson, Lufkin & Jenrette (DLJ), DLJdirect, Pershing, iNautix and Alliance
Capital Management. AXA Financial is a member of the global AXA Group, which has
operations in over 60 countries and has more than $700 billion in assets under
management.
For more information about AXA Financial, visit our Website at http://www.axa-financial.com.
|
