Corebridge and Equitable Stockholders Overwhelmingly Approve Merger
CRBG sits 43% above its 52-week low of $22.19 on light trading volume (0.3× avg).
Summary
Stockholders of both Corebridge and Equitable voted overwhelmingly to approve their all-stock merger, with over 99% of votes cast in favor at each company. The vote removes a key uncertainty and signals strong shareholder backing for the deal, which will create a retirement and investment solutions giant with over $1.4 trillion in combined assets. The transaction now awaits regulatory approvals and is expected to close by year-end 2026. This follows months of integration planning, including leadership announcements and proxy filings, and comes despite three stockholder lawsuits that challenged the proxy disclosures. The high approval percentages and quorum levels suggest minimal opposition, clearing a major hurdle toward completion.
At the time of this announcement, CRBG was trading at $31.75 on NYSE in the Finance sector, with a market capitalization of approximately $14.2B. The 52-week trading range was $22.19 to $36.57. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.