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Stock impact report

Is Brighthouse Financial Yesterday's News? [Yahoo! Finance]

Brighthouse Financial, Inc. (BHF) 
Last brighthouse financial, inc. earnings: 2/10 04:16 pm Check Earnings Report
Company Research Source: Yahoo! Finance
There is a potential opportunity for merge arbitrage. 10 stocks we like better than Brighthouse Financial › The insurance firm Brighthouse Financial (NASDAQ: BHF) had long been rumored to be a takeover target. In November, that rumor became a reality. Aquarian Capital, a private equity firm backed by Abu Dhabi's sovereign wealth fund, announced in early November that it would purchase Brighthouse in an all-cash transaction valued at $4.1 billion. The deal is valued at $70 per share and represented a nearly 38% premium to Brighthouse's 90-day volume-weighted average price as of Nov. 5. Brighthouse was spun out from the insurance firm MetLife in 2017 and is one of the largest annuity and life insurance companies in the U.S. However, in recent years, inconsistent returns and declining capital levels have led many investors to expect an acquisition. Aquarian said it will help Brighthouse pursue strategic growth opportunities and better serve its customers, distribution partners Show less Read more
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