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.
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