Equitable (EQH) said Thursday in a Form 8-K filing that, in consultation with Corebridge Financial (CRBG), it is exploring a potential share repurchase ahead of the closing of its planned merger.

If it proceeds with the buyback, the company said it would seek a waiver from Corebridge under the merger agreement, which prohibits share repurchases during the merger process.

Equitable said that the volume, pricing, timing, and method of any repurchases would be determined at its discretion.