Equitable and Corebridge in Merger Talks to Create $22 Billion Giant
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy CRBG?
Source: seekingalpha
- Merger Negotiations: Equitable (EQH) and Corebridge (CRBG) are in talks for an all-stock merger that would create a $22 billion giant in retirement, wealth management, and asset management, significantly enhancing their competitive position in the market.
- Asset Management Scale: The combined entity will control $1.5 trillion in assets and serve over 12 million customers, providing a robust foundation for future business growth and expansion opportunities.
- Leadership Structure: Corebridge CEO Marc Costantini is expected to lead the merged company as CEO, while Equitable's Mark Pearson will serve as executive chair, facilitating the integration of both companies' strengths and resources.
- Strategic Partnerships: Corebridge is set to maintain its asset management agreement with Blackstone (BX) while also gaining access to similar services through Equitable's majority stake in AllianceBernstein, thereby enhancing its asset management capabilities.
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Analyst Views on CRBG
Wall Street analysts forecast CRBG stock price to rise
10 Analyst Rating
7 Buy
3 Hold
0 Sell
Moderate Buy
Current: 22.300
Low
33.00
Averages
37.30
High
40.00
Current: 22.300
Low
33.00
Averages
37.30
High
40.00
About CRBG
Corebridge Financial, Inc. is a provider of retirement solutions and insurance products in the United States. The Company partners with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures. Its Individual Retirement segment consists of fixed annuities, fixed index annuities, registered index-linked annuities and variable annuities. Its Group Retirement segment consists of recordkeeping, plan administrative and compliance services, financial planning and advisory solutions offered in-plan, along with proprietary and limited non-proprietary annuities, advisory and brokerage products offered out-of-plan. Its Life Insurance segment consists of term and universal life insurance products in the United States. Its Institutional Markets segment consists of stable value wrap (SVW) products, structured settlement and pension risk transfer (PRT) annuities, guaranteed investment contracts (GICs) and corporate markets products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Legal Service Commitment: The firm commits to providing legal services on a contingency fee basis, ensuring affected investors can seek legal remedies without upfront financial burdens.
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- Customer Base: The merger aims to serve over 12 million customers.
- Asset Management: The combined company will oversee approximately $1.5 trillion in assets.
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