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Corebridge announces $150M share repurchase from AIG and Blackstone

Corebridge (CRBG) entered into a share repurchase agreement with AIG (AIG) and an affiliate of Blackstone (BX) on December 14, pursuant to which it will repurchase an aggregate of $150M of Corebridge common stock. Of the $150M, approximately $135M will be repurchased from AIG and approximately $15M will be repurchased from Blackstone. The share repurchase is expected to close on December 18. The purchase price paid by Corebridge was $21.75 per share, the closing price of Corebridge common stock on the NYSE.

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