Is Brighthouse Financial Yesterday's News?
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.
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Source Fool.com
