M&A
confidence high
sentiment neutral
materiality 0.65
Corebridge secures Nippon Life voting support for Equitable Holdings merger
Corebridge Financial, Inc.
- Nippon Life agrees to vote its Corebridge shares in favor of merger with Equitable.
- Nippon Life restricted from transferring covered shares until Corebridge stockholder vote.
- Nippon Life to use reasonable best efforts for regulatory approvals, including CFIUS.
- At closing, new Stockholder's and Registration Rights Agreements replace existing ones.
- Voting and Support Agreement terminates upon closing or Merger Agreement termination.