Corebridge rises more than 12% AIG agrees to sell 20% of Corebridge shares to Nippon Life Insurance Company

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Gelonghui, May 16 | Corebridge Financial (CRBG.US) rose 12.47% to US$33.92

Gelonghui, May 16 | Corebridge Financial (CRBG.US) rose 12.47% to US$33.92.
According to the news, Nippon Life Insurance Company, Japan’s largest insurance company, has agreed to acquire a 20% stake in Corebridge for approximately US$3.8 billion in cash.
Corebridge is one of the largest providers of retirement solutions and insurance products in the United States.
Under the proposed deal, American International Group (AIG) will sell approximately 120 million Corebridge shares to Nippon Life Insurance Company for $31.47 per share.

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