other material
confidence high
sentiment positive
materiality 0.75
Corebridge Financial agrees to repurchase $750M of its common stock from AIG at $30.42/share
Corebridge Financial, Inc.
- Aggregate purchase price $750 million; $30.42 per share based on Feb 12 NYSE closing price.
- Closing expected on February 17, 2026, subject to customary closing conditions.
- Nippon Life waived transfer restriction allowing AIG to sell below the 9.9% ownership threshold.
- Repurchase reduces AIG's stake in Corebridge; AIG previously held majority ownership.
- Company represents it will remain solvent and adequately capitalized after the transaction.