Aig announces sale of a 20% ownership stake of corebridge to nippon life

New york--(business wire)--aig today announced that it has reached an agreement to sell approximately 120 million shares of its corebridge common stock to nippon life insurance company (nippon life) for $31.47 per share, for an aggregate purchase price of $3.8 billion. the shares represent 20% of the outstanding shares of corebridge at signing. under the terms of the transaction, aig has agreed to maintain a 9.9% ownership stake in corebridge for two years after the closing. “nippon life is wel.
AIG Ratings Summary
AIG Quant Ranking