Corebridge Financial Secondary Offering by American International Group Priced at $31.20 a Share
Corebridge Financial (CRBG) said late Thursday that a secondary offering by American International Group (AIG) of 30 million Corebridge common shares was priced at $31.20 per share, targeting gross proceeds of about $936 million.
The selling shareholder granted the underwriters a 30-day option to purchase up to 4.5 million additional shares.
Corebridge said the offering is expected to close Nov. 12 and all proceeds will go to American International Group.
Price: 31.31, Change: -0.54, Percent Change: -1.70
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