Corebridge Financial Unveils Transformational All-Stock Merger With Equitable, Targets $500M Synergies
Corroborated by 2 sources from 2 publishers
usbusiness3h ago
TL;DR
Reports differ across sources; according to finance.yahoo.com, corebridge Financial Unveils Transformational All-Stock Merger With Equitable, Targets $500M Synergies Key Points - The companies agreed an all-stock merger creating a new holding company using the Equitable brand, with Corebridge shareholders owning ~51% and Equitable ~49%; Corebridge CEO Marc Costantini will be CEO, Mark Pearson becomes executive chairman, and closing is expected by the end of 2026 subject to approvals.