Shares of insurance and annuity provider Brighthouse Financial (NASDAQ:BHF) jumped 27.3% in the morning session after the company announced it agreed to be acquired by an affiliate of Aquarian Capital LLC in an all-cash deal. The transaction valued Brighthouse at approximately $4.1 billion, with shareholders set to receive $70.00 for each share. This price represented a significant premium of 37.7% over the company's 90-day volume-weighted average price. According to the agreement, Brighthouse Financial was expected to operate as a standalone entity within Aquarian Capital's portfolio, keeping its current leadership and headquarters. Following the news of the acquisition, Brighthouse canceled its previously scheduled conference call that was meant to discuss its third-quarter financial results.
Insurance and annuity provider Brighthouse Financial (NASDAQ:BHF) will be reporting earnings this Thursday after market hours. Here’s what you need to know.
Shares of insurance and annuity provider Brighthouse Financial (NASDAQ:BHF) jumped 27.8% in the afternoon session after reports revealed that Aquarian Holdings was in advanced talks to acquire the U.S. life insurer in a take-private deal.
According to a report by Reuters citing people familiar with the matter, Brighthouse started negotiations with Sixth Street and its insurance partner Talcott after weeks-long talks with Aquarian Holdings went cold in September.
Looking back on life insurance stocks’ Q2 earnings, we examine this quarter’s best and worst performers, including Brighthouse Financial (NASDAQ:BHF) and its peers.
Value stocks typically trade at discounts to the broader market, offering patient investors the opportunity to buy businesses when they’re out of favor.
The key risk, however, is that these stocks are usually cheap for a reason – five cents for a piece of fruit may seem like a great deal until you find out it’s rotten.
Great things are happening to the stocks in this article.
They’re all outperforming the market over the last month because of positive catalysts such as a new product line, constructive news flow, or even a loyal Reddit fanbase.
Shares of insurance and annuity provider Brighthouse Financial (NASDAQ:BHF) jumped 30% in the afternoon session after reports emerged that the company was in advanced talks to be acquired by a consortium led by Aquarian Holdings at a significant premium.
Shares of insurance and annuity provider Brighthouse Financial (NASDAQ:BHF) jumped 10.1% in the morning session after reports revealed that private capital group Aquarian Holdings is advancing its plans to acquire the life insurer.
