Equitable to merge with Corebridge in all-stock deal valued at about $22 billion
Equitable Holdings and Corebridge Financial agreed on March 26, 2026 to combine in an all-stock merger under a new parent company that will be named Equitable Holdings, Inc. Equitable shareholders would receive 1.55516 new shares for each Equitable share, and Equitable shareholders would own about 49% of the combined company, so existing Equitable holders would give up control to Corebridge holders, who would own about 51%.
Key points
- Exchange ratio: 1.55516 HoldCo shares per Equitable common share; 1.000 HoldCo share per Corebridge common share
- Combined company valued at about $22 billion based on March 25, 2026 closing prices, with $1.5 trillion in assets under management and administration
- Closing expected by year-end 2026, subject to regulatory approvals and shareholder votes at both companies; outside date is December 26, 2026
- Combined company expects more than $500 million of run-rate expense synergies by the end of 2028
The filing
Written by AI on Nov 8, 2026, 1:12 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.