BUZZ-Brighthouse Financial soars after report Aquarian discussing $65-$70 per share offer
Shares of Brighthouse Financial surged by up to 30.8% following reports that Aquarian Holdings is in advanced talks to acquire the company for $65 to $70 per share. The stock was last up 21.6% at $55.01. Brighthouse, which was spun off from MetLife in 2017, has been considering a sale this year. Currently, two brokerages rate the stock as 'buy' or higher, while six rate it 'hold' and two 'sell', with a median price target of $51. Year-to-date, BHF stock is down 5.8%.
Shares of U.S. life insurance and annuity provider Brighthouse Financial (BHF.O) surge as much as 30.8%; last up 21.6% at $55.01 Investment firm Aquarian Holdings is in advanced talks to pay $65 to $70 per share for BHF, Bloomberg News reports, citing people familiar with the matter BHF may decide as soon as next week to move forward with a sale or remain independent - Bloomberg News
Charlotte, North Carolina-based Brighthouse, which was spun out of MetLife (MET.N) in 2017, has been exploring the possibility of a sale for most of this year Two of 10 brokerages rate the stock “buy” or higher, six “hold” and two “sell”; with median PT of $51, according to data compiled by LSEG
As of last close, BHF stock down 5.8% YTD
