Corebridge Financial announced supplemental proxy disclosures addressing stockholder complaints and provided updated valuation and governance details.
Key Highlights:
- Filed supplemental disclosures to the definitive joint proxy/prospectus after three stockholder complaints and demand letters alleging omitted information.
- Complaints seek injunctions, rescission or rescissory damages, corrective disclosures and fees; Corebridge denies the allegations but chose to supplement to avoid delay.
- Updated governance terms: new stockholders agreement with Blackstone gives one board seat, consent rights, standstill and information rights.
- Advisor updates: Morgan Stanley and Goldman Sachs provided revised valuation ranges and assumptions showing implied per-share and pro forma values.
Original SEC Filing:
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