Corebridge reports $200M share repurchase pact with AIG and Blackstone

Corebridge Financial (CRBG) announced that it entered into a share repurchase agreement with American International Group (AIG) and an affiliate of Blackstone (BX) on June 21, pursuant to which it will repurchase an aggregate of $200M of Corebridge common stock. Of the $200M, approximately 90.1% will be repurchased from AIG and approximately 9.9% will be repurchased from Blackstone. The Share Repurchase is expected to close on June 23, subject to customary closing conditions. The purchase price paid by Corebridge was $16.41 per share, the closing price of Corebridge common stock on the New York Stock Exchange immediately prior to entry into the Share Repurchase Agreement