Corebridge and Equitable reach $22 billion all-stock merger deal

Golden Ten Data March 26｜Corebridge Financial and Equitable Holdings announced that they have signed a definitive agreement to merge in an all-stock transaction. Based on Wednesday’s closing price, the deal is valued at approximately $22 billion. The merger aims to create a leading retirement, life, wealth, and asset management company with greater scale, a more diversified business portfolio, and more cross-selling opportunities. The transaction is expected to be completed by the end of this year.