Corebridge Financial, Inc. and Equitable Holdings, Inc. announced a proposed merger (the "Proposed Transaction") and provide FAQs describing next steps. The communication explains that a Registration Statement on Form S-4 will be filed by the new parent company and that a definitive joint proxy statement/prospectus will be mailed after the Registration Statement is declared effective. The FAQ cautions that forward-looking statements involve risks, lists potential risk factors (including required approvals and integration risks), and directs investors to read the Registration Statement, joint proxy statement/prospectus, annual reports, and SEC filings for complete information.
Corebridge Financial Inc: Schedule 13G/A amendment shows The Vanguard Group reports 0 shares beneficially owned of Common Stock (0%).
The filing explains an internal realignment effective January 12, 2026 that caused certain Vanguard subsidiaries to report holdings separately. The amendment is signed March 26, 2026.
Corebridge Financial and Equitable Holdings announced an all-stock merger to form a combined company under the Equitable name with an implied transaction value of $22B. The transaction would create a scaled retirement, life, wealth and asset management firm with pro forma $1.5T AUM/A and roughly $130B AUM/A for certain asset classes. The pro forma ownership is 51% for Corebridge shareholders and 49% for Equitable shareholders, using exchange ratios of 1.0000 new parent share per Corebridge share and 1.55516 new parent shares per Equitable share. The parties expect closing by year-end 2026, subject to customary conditions and regulatory and shareholder approvals.
The filing discloses targeted synergies including $500M of expense synergies by YE 2028, projected run-rate adjusted operating earnings of $5B+ by 2027, and estimated accretion of 10%+ to EPS and cash generation by YE 2028. Leadership and governance plans include a 14-member board with equal representation and named executives for CEO, Executive Chair, CFO and Lead Independent Director.
Corebridge Financial and Equitable Holdings announced a definitive merger agreement to combine into a single retirement, life, wealth and asset management company. The companies say the combined firm will serve more than 12 million customers and hold $1.5 trillion in assets under management and administration. The companies describe a multi-channel distribution network and expect integration planning now while the transaction proceeds toward a close expected by year-end 2026, subject to customary closing conditions including regulatory and shareholder approvals.
Until closing it is "business as usual," and the firms will provide integration updates on organization, roles and benefits as planning advances.
Corebridge Financial and Equitable Holdings have entered into a definitive all-stock merger agreement to combine into a single company. The combined company will serve more than 12 million customers and hold $1.5 trillion in assets under management and administration. The parties expect the transaction to close by year-end 2026, subject to customary closing conditions including required regulatory approvals and stockholder votes. Until closing, both companies will continue to operate separately and existing client contacts and operations remain unchanged.
Corebridge Financial and Equitable Holdings announced a definitive all-stock merger valued at approximately $22 billion, creating a combined company in which Corebridge shareholders will own approximately 51% and Equitable shareholders will own approximately 49%. The transaction has been unanimously approved by both boards and is expected to close by year-end 2026, subject to customary closing conditions, including the receipt of required regulatory approvals and approval of shareholders of both Corebridge and Equitable.
The companies will host a joint conference call and provide an investor presentation via their IR sites. The communication notes the Proposed Transaction will be the subject of a Registration Statement on Form S-4 and that a definitive joint proxy statement/prospectus will be mailed after effectiveness.
Corebridge Financial and Equitable Holdings have entered into a definitive agreement to combine in an all-stock merger to form a larger retirement, life, wealth and asset management company. The combined company will serve more than 12 million customers and hold $1.5 trillion in assets under management and administration. The companies expect the transaction to close by year-end 2026, subject to customary closing conditions including regulatory approvals and shareholder votes. Until closing, both firms will operate separately with no changes to current points of contact. The communication notes a forthcoming Registration Statement on Form S-4 and cautions that timing, approvals and realization of synergies are subject to customary risks.
Corebridge Financial announced a definitive agreement to combine with Equitable Holdings to form a single company operating under the Equitable name. The combined business will reach more than 12 million customers and $1.5 trillion in assets under management and administration. The companies expect the transaction to close by year-end 2026, subject to customary closing conditions, regulatory approvals and stockholder approvals. Corebridge’s CEO Marc Costantini will serve as President and CEO of the combined company; Equitable CFO Robin Raju will serve as CFO. The combined company will be headquartered in Houston, Texas, with a 14-person board split seven and seven and Mark Pearson serving as Executive Chair.
Corebridge Financial and Equitable Holdings announced an all-stock merger to combine into a single retirement, life, wealth and asset management company. The communication states the combined company will serve more than 12 million customers and manage or administer $1.5 trillion in assets. The companies expect the transaction to close by year-end 2026, subject to customary closing conditions including required regulatory and shareholder approvals. Until closing, both firms will continue to operate separately and vendor contacts and operations remain unchanged.
Corebridge Financial and Equitable Holdings agreed to combine under a definitive merger agreement. The companies describe anticipated benefits including estimated synergies and projected cost savings, and note the transaction is subject to customary conditions and approvals. The parties intend to file a Registration Statement on Form S-4 and a joint proxy statement/prospectus with the SEC; shareholders will receive the definitive proxy/prospectus after effectiveness.