Corebridge and Equitable agree to all-stock merger; CRBG holders own ~51% of new HoldCo

Corebridge Financial, Inc.

Each Corebridge share converts to 1.0 share of HoldCo common; each Equitable share converts to 1.55516 shares.
Corebridge shareholders to own ~51%, Equitable shareholders ~49% of combined HoldCo.
Termination fee of $475M payable by either party under certain conditions.
Mark Pearson to become Executive Chair; Marc Costantini to become CEO of HoldCo; HQ in Houston.
Transaction expected to close by December 26, 2026, subject to stockholder and regulatory approvals.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Corebridge Financial, Inc. entered into Agreement and Plan of Merger with Equitable Holdings, Inc. (effective 2026-03-26).

Action: entry
Agreement: merger
Counterparty: Equitable Holdings, Inc.
Effective: 2026-03-26

Exact text from the filing

On March 26, 2026, Corebridge Financial, Inc., a Delaware corporation (“Corebridge”), entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among Corebridge, Equitable Holdings, Inc., a Delaware corporation (“Equitable”), Mountain Holding, Inc., a newly formed Delaware corporation and wholly-owned subsidiary of Corebridge (“HoldCo”), Palisade Holding, Inc., a newly formed Delaware corporation and a wholly-owned subsidiary of HoldCo (“Corebridge Merger Sub”), and Marcy Holding, Inc., a newly formed Delaware corporation and a wholly-owned subsidiary of HoldCo (“Equitable Merger Sub”).

View on SEC.gov

299 material agreements filed in the last 30 days. Browse all material agreements →

Corebridge Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001140361-26-011260

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.