M&A
confidence high
sentiment positive
materiality 0.70
Nippon Life enters voting and support agreement for Equitable-Corebridge merger
Equitable Holdings, Inc.
- Nippon Life agrees to vote all its Corebridge shares in favor of the merger and against any alternative acquisition proposals.
- Nippon Life restricted from transferring its Corebridge stock until shareholder vote or agreement termination.
- Nippon Life will use reasonable best efforts to obtain regulatory approvals, including CFIUS filing within 45 business days.
- Upon closing, Nippon Life and HoldCo will enter new stockholder and registration rights agreements, terminating prior agreements.
- The Voting and Support Agreement terminates upon closing, merger agreement termination, or other specified events.