AIG Sets Secondary Offering Of Upto 40.25 Mln Existing Shares Of Corebridge Financial Common Stock

RTTNews | 749 days ago
AIG Sets Secondary Offering Of Upto 40.25 Mln Existing Shares Of Corebridge Financial Common Stock

(RTTNews) - American International Group, Inc. (AIG) announced Friday the launch of a secondary offering of Corebridge Financial, Inc. (CRBG) common stock.

As the selling stockholder, AIG is offering 35 million existing shares of common stock of Corebridge and has granted a 30-day option to the underwriter to purchase up to an additional 5.25 million shares.

AIG will remain a majority shareholder of Corebridge Financial upon completion of this offering. All of the net proceeds from the offering will go to AIG. The last reported per share sale price of Corebridge Financial common stock on November 30, 2023 was $21.03.

read more
European Markets Close Higher As Stocks Recover After Cautious Start

European Markets Close Higher As Stocks Recover After Cautious Start

European stocks closed higher on Friday, and several markets in the region climbed to fresh highs, with investors reacting to the interest rate decisions by major central banks. Expectations of more monetary easing by the Federal Reserve contributed as well to the positive mood in the markets.
RTTNews | 12h 8min ago
U.S. Consumer Sentiment Rebounds Less Than Previously Estimated In December

U.S. Consumer Sentiment Rebounds Less Than Previously Estimated In December

Consumer sentiment in the U.S. rebounded by less than previously estimates in the month of December, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for December was downwardly revised to 52.9 from a preliminary reading of 53.3. Economists had expected the index to be upwardly revised to 53.4.
RTTNews | 14h 18min ago
U.S. Existing Home Sales Rise Less Than Expected In November

U.S. Existing Home Sales Rise Less Than Expected In November

Existing home sales in the U.S. saw a modest increase in the month of November, the National Association of Realtors revealed in a report released on Friday. NAR said existing home sales rose by 0.5 percent to an annual rate of 4.13 million in November after jumping by 1.5 percent to an upwardly revised rate of 4.10 million in October.
RTTNews | 14h 29min ago
Russia Cuts Key Rate By 50 Bps As Expected

Russia Cuts Key Rate By 50 Bps As Expected

Russia's central bank cut its interest rate by 50 basis points on Friday but reiterated that it will maintain policy tight to bring inflation back to the target. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate to 16.00 percent from 16.50 percent. The decision matched market expectations. The bank has lowered the interest rate by 400 basis points since Jun
RTTNews | 16h 17min ago