Corebridge Financial Announces $150 Million Share Repurchase from AIG and Blackstone
14 Dezembro 2023 - 8:26PM
Business Wire
Corebridge Financial, Inc. (NYSE: CRBG) (“Corebridge”) today
announced that it entered into a share repurchase agreement (the
“Share Repurchase Agreement”) with American International Group,
Inc. (“AIG”) and an affiliate of Blackstone Inc. (“Blackstone”) on
December 14, 2023, pursuant to which it will repurchase an
aggregate of $150 million of Corebridge common stock (the “Share
Repurchase”). Of the $150 million, approximately $135 million will
be repurchased from AIG and approximately $15 million will be
repurchased from Blackstone. The Share Repurchase is expected to
close on December 18, 2023, subject to customary closing
conditions.
The purchase price paid by Corebridge was $21.75 per share, the
closing price of Corebridge common stock on the New York Stock
Exchange immediately prior to entry into the Share Repurchase
Agreement.
About Corebridge Financial
Corebridge Financial, Inc. makes it possible for more people to
take action in their financial lives. With more than $360 billion
in assets under management and administration as of September 30,
2023, Corebridge Financial is one of the largest providers of
retirement solutions and insurance products in the United States.
We proudly partner with financial professionals and institutions to
help individuals plan, save for and achieve secure financial
futures. Corebridge Financial common stock is listed on the New
York Stock Exchange. For more information, visit
corebridgefinancial.com and follow us on LinkedIn and YouTube.
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version on businesswire.com: https://www.businesswire.com/news/home/20231214176449/en/
Işıl Müderrisoğlu (Investors):
investorrelations@corebridgefinancial.com Matt Ward (Media):
media.contact@corebridgefinancial.com
Corebridge Financial (NYSE:CRBG)
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