Corebridge Financial (CRBG) announced the launch of a secondary offering of its common stock by American International Group (AIG). AIG, as the selling stockholder, is offering 30M existing shares of common stock of Corebridge Financial and has granted a 30-day option to the underwriter to purchase up to an additional 4.5M shares. All of the net proceeds from the offering will go to AIG. Morgan Stanley & Co. is acting as the underwriter for the offering.
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