Oct. 16 at 7:50 PM
Sixth Street is in talks to acquire Brighthouse Financial after negotiations with Aquarian Holdings stalled last month, according to a Reuters report published on Thursday. The discussions with Sixth Street and its insurance subsidiary, Talcott, resumed after weeks of exclusive talks between Brighthouse and Aquarian. However, Brighthouse's board eventually rejected Aquarian's offer.
Sixth Street's offer values Brighthouse at approximately
$55 per share, equating to a total valuation of around
$3.14 billion. While this offer is lower than Aquarian's previous bid of nearly
$70 per share, it still represents a premium over Brighthouse's stock price at Wednesday’s close. However, the report noted that there is no guarantee the negotiations will result in a deal.
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