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Stock impact report

Equitable, Corebridge Unveil Transformational All-Stock Merger, Target $500M Synergies by 2028 [Yahoo! Finance]

Equitable Holdings, Inc. (EQH) 
Last equitable holdings, inc. earnings: 2/26 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
transaction (Corebridge shareholders ~51%, Equitable ~49%) targeting close by the end of 2026, with Corebridge CEO Marc Costantini as CEO and Equitable CEO Mark Pearson becoming executive chairman. Scale and strategic assets : The combined company would serve over 12 million customers with about $1.5 trillion of AUM/A and a 68% stake in AllianceBernstein, with plans to move at least $100 billion of Corebridge assets to AB and monetize AB's ~$600 million of annual non-regulated cash flow. Financial targets and synergies : Management projects at least $500 million of annual pre-tax expense synergies by end-2028 (with ~1.5x implementation cost), expects 10% EPS accretion by 2028, over $4 billion of annual cash flow, and an adjusted ROE above 15%. Interested in Equitable Holdings, Inc.? Here are five stocks we like better. 3 Major Buybacks Just Dropped—Here's the Signal Investors See Executives from Equitable (NYSE:EQH) and Corebridge Financial outlined plans for a “transformati Show less Read more
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