Skadden is advising Corebridge Financial, Inc. on its agreement with Equitable Holdings, Inc. to combine in an all-stock merger, valuing the combined company at approximately $22 billion, based on the closing stock prices of each company as of March 25, 2026.
The combined company will have $1.5 trillion in assets under management and administration across Individual Retirement, Group Retirement, Asset Management, Wealth Management, Life Insurance and Institutional Markets with 12 million customers.
The transaction is expected to close by year-end 2026, subject to customary closing conditions, including the receipt of required regulatory approvals and approval of shareholders of both Corebridge and Equitable.
The Skadden team includes Todd Freed, Patrick Lewis, Page Griffin, Michael Sheerin and Dwight Yoo.