AIG launches secondary offering of Corebridge stock
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AIG launches secondary offering of Corebridge stock

AIG logo NYSE.jpg

AIG has launched a secondary offering of Corebridge stock, which chairman and CEO Peter Zaffino foreshadowed last year would be used for stock buybacks.

The carrier is offering 65 million existing shares of common stock, or about 10% of approximately 648 million total shares outstanding and has granted a 30-day option to the underwriters to purchase up to an additional 9.75

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