Corebridge Financial agrees to all-stock merger with Equitable Holdings
Corebridge Financial and Equitable Holdings signed a merger agreement on March 26, 2026, to combine in an all-stock deal that the companies value at about $22 billion for the combined company. Corebridge shareholders would own about 51% of the new parent and Equitable shareholders about 49%, so the deal changes the ownership and management structure of both companies' shares.
Key points
- Each Corebridge common share would convert into 1.0 share of the new parent company, HoldCo, and each Equitable common share into 1.55516 HoldCo shares.
- The deal is expected to close by year-end 2026, subject to regulatory approvals and shareholder votes at both companies; the outside date is December 26, 2026.
- Marc Costantini, Corebridge's CEO, would become CEO of the combined company, Mark Pearson would be Executive Chair, and the combined company would be headquartered in Houston, Texas.
- Both boards unanimously approved the agreement; the combined company would trade on the NYSE under the EQH ticker.
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 26, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.