Corebridge Financial and Equitable Holdings to Merge in $22 Billion All-Stock Deal

Corebridge Financial and Equitable Holdings have finalized a $22 billion all-stock merger agreement to create a financial powerhouse managing $1.5 trillion in assets. The combined entity will operate under the Equitable name, consolidating its brand presence in the life insurance and retirement services sectors. Under the terms of the deal, Corebridge shareholders will hold a 51% stake in the new company, while Equitable shareholders will own the remaining 49%. The transaction includes a 1:1 share exchange ratio for Corebridge investors into the newly formed entity. Market reaction was positive following the announcement, with shares of both companies rising by 2% on Thursday. This strategic alliance is expected to drive significant operational synergies and enhance long-term competitiveness through increased scale.

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