other material
confidence high
sentiment neutral
materiality 0.70
AIG sells 30M shares of Corebridge (CRBG) at $31.05 in secondary offering
Corebridge Financial, Inc.
- AIG agreed to sell 30,000,000 shares of Corebridge common stock to underwriters at $31.05 per share.
- Underwriters granted a 30-day option to purchase up to an additional 4,500,000 shares to cover over-allotments.
- J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the underwriters of the offering.
- The offering is a secondary sale by AIG; Corebridge does not receive any proceeds from the sale.