425 ·Filed May 12, 2026

CRBD

Corebridge Financial, Inc.
NEUTRAL
Impact 3/10
Horizonmonths Processed4mo ago SEC0001140361-26-020715
Rule 425 M&A communications
Actionable Insight • Neutral

This is a procedural step in the merger process — naming the leadership team signals integration planning is advancing. Monitor for shareholder vote dates and regulatory filings (S-4 effectiveness) as the next catalysts. The stock should trade on deal spread dynamics rather than this announcement.

DirectionNeutral
Confidencehigh
Horizonmonths
Final — all horizons settled through T+60d ⚠ clustered
CRBD ▼ -7.96% at T+60d
NEUTRAL call ✗ call lost -7.96% · α vs SPY -12.34% · entry $23.75 → $21.86
Entry anchored
May 11, 03:42 PM ET
via exchange tick
T+1d
-0.88%
call -0.88% · α -1.46%
$23.54
settled 5mo ago
T+5d
-2.53%
call -2.53% · α -2.60%
$23.15
settled 5mo ago
T+20d
-5.31%
call -5.31% · α -3.58%
$22.49
settled 4mo ago
T+60d
-7.96%
call -7.96% · α -12.34%
$21.86
settled 8w ago

Price Chart

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Executive Summary

Corebridge Financial and Equitable Holdings announced the leadership team for their combined company, effective upon closing of their all-stock merger. The filing names 14 executives, with Corebridge CEO Marc Costantini as CEO and Equitable CEO Mark Pearson as Executive Chair. No changes to deal terms, timeline (year-end 2026), or financial details were disclosed.

Key Financial Metrics

Deal Type
merger

Key Facts

  • Leadership team for combined company announced, effective at merger close
  • Marc Costantini (Corebridge CEO) to serve as CEO of combined company
  • Mark Pearson (Equitable CEO) to serve as Executive Chair
  • Robin Raju (Equitable CFO) to serve as CFO of combined company
  • Merger expected to close by year-end 2026, subject to shareholder and regulatory approvals
  • Combined company will have over 12 million customers and $1.5 trillion in AUM/A
  • Corebridge had over $380 billion in AUM/A as of March 31, 2026
  • Equitable Holdings had $1.1 trillion in AUM/A as of March 31, 2026
  • No changes to deal terms, exchange ratio, or financial projections disclosed

Financial Impact

No new financial data disclosed; deal value and synergies remain as previously announced

Risk Factors

  • Regulatory or shareholder approval delays could push closing beyond year-end 2026
  • Integration execution risk post-close
  • Potential for competing bids or shareholder opposition to emerge

Market Snapshot

Exchange
NYSE
Sector
Life Insurance
Analyst Consensus
76% bullish (21 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
425 Filing (Primary)0001140361-26-020715
Document: 0001140361-26-020715-index-headers.html0001140361-26-020715
Document: 0001140361-26-020715-index.html0001140361-26-020715
Document: 0001140361-26-020715.txt0001140361-26-020715
10 reports for CRBD
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for CRBD — sortable, filterable
TypeNow
Jun 10, 2026
16w ago
425
NEUTRAL ★ 5/10
$22.49 $20.95▼ −6.85%▼ −13.43%$20.82 (−7.43%)
May 12, 2026
20w ago
425
NEUTRAL ★ 3/10
$23.75 $21.86▼ −7.96%▼ −12.34%$20.82 (−12.34%)
May 12, 2026
20w ago
8-K
NEUTRAL ★ 3/10
$23.75 $21.86▼ −7.96%▼ −12.34%$20.82 (−12.34%)
May 5, 2026
21w ago
144
BEARISH ★ 8/10
$23.90 $22.10▲ +7.53%▲ +9.59%$20.82 (+12.89%)
May 4, 2026
21w ago
425
NEUTRAL ★ 3/10
$23.96 $22.19▼ −7.39%▼ −10.13%$20.82 (−13.11%)
May 4, 2026
21w ago
8-K
MIXED ★ 5/10
$23.96 $22.19▼ −7.39%▼ −10.13%$20.82 (−13.11%)
Apr 17, 2026
24w ago
8-K
NEUTRAL ★ 3/10
$23.44 $22.73▼ −3.03%▼ −9.17%$20.82 (−11.18%)
Apr 15, 2026
24w ago
425
NEUTRAL ★ 3/10
$23.24 $22.80▼ −1.89%▼ −8.94%$20.82 (−10.41%)
Apr 15, 2026
24w ago
8-K
NEUTRAL ★ 3/10
$23.24 $22.80▼ −1.89%▼ −8.94%$20.82 (−10.41%)
Apr 8, 2026
25w ago
8-K
NEUTRAL ★ 3/10
$23.52 $22.92▼ −2.55%▼ −13.33%$20.82 (−11.48%)
Showing 10 of 10

US Market Status

Market Closed — Opens Mon (39h 25m)

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