Corebridge Financial Prices $1 Billion Secondary Offering by American International
MT Newswires Live
Nov 05
Corebridge Financial (CRBG) said Tuesday that it has priced a previously announced secondary offering of 32.6 million shares by American International (AIG) at $31.10 per share.
The offering is expected to close on Thursday, the company said.
The offering is expected to generate $1 billion of gross proceeds for American International, the company said.
Corebridge Financial said it also intends to purchase around $500 million worth of shares from the underwriter subject to the closing of the offering.
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