Brighthouse Financial Secures Its Sale, Take Profits (Downgrade)

2025-11-06 15:10:48 ET

On Thursday, shares of Brighthouse Financial, Inc. ( BHF ) surged by 27%, bringing their gains over the past year to 39% as the company announced it would be selling itself. This has been a long-running saga, with the company initially rumored to be putting itself up for sale about 9 months ago. This proved to be a difficult process, with most private equity firms choosing not to bid, with Aquarian seeming like the likely buyer. Shares then weakened over September and October as it seemed that the bid was running into issues, but in the end, a deal with Aquarian was sealed....

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