other material
confidence high
sentiment neutral
materiality 0.70
AIG sells 30M Corebridge shares at $29.05 to Morgan Stanley; over-allotment option for 4.5M shares
Corebridge Financial, Inc.
- AIG (Selling Stockholder) to sell 30,000,000 shares of Corebridge common stock to Morgan Stanley at $29.05285 per share.
- Underwriter granted a 30-day option to purchase up to 4,500,000 additional shares to cover over-allotments.
- All proceeds from the secondary offering go to AIG; Corebridge does not issue new shares.
- Underwriting Agreement dated May 30, 2024, filed as Exhibit 1.1 to the 8-K.
- Debevoise & Plimpton LLP opined on the validity of the common stock (Exhibit 5.1).