Investment firm Aquarian Holdings is in exclusive negotiations to buy Brighthouse Financial (BHF), with a deal set to possibly be finalized in the coming weeks, the Wall Street Journal’s Miriam Gottfried and Lauren Thomas reports, citing people familiar with the mater. Such a move would mark the end of a competitive process for the U.S. life insurance company, which has drawn interest from several other private equity firms, the authors note. Shares of Brighthouse are up 12% in after-hours trading.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BHF:
- Brighthouse Financial price target lowered to $42 from $45 at Morgan Stanley
- Brighthouse Financial price target raised to $54 from $53 at Wells Fargo
- Brighthouse Financial price target lowered to $70 from $76 at Barclays
- Brighthouse Financial price target lowered to $55 from $63 at Piper Sandler
- Raymond James sees Brighthouse buying opportunity after FT report