Aug. 19 at 2:54 PM
$BHF Brighthouse Financial (BHF) edged lower by 0.5%, dropping for a 5th day in a row, amid investor concern about a regulatory review of its planned
$4.1 billion sale to Aquarian and its connections to billionaire investor Mark Walter.
Investors may be troubled by Los Angeles Dodgers owner Walter and his efforts in recent weeks to unload his holdings, including last week's sale of the NBA's Lakers to Josh Kushner and Bob Iger for
$12.5 billion, as well as a Financial Times report on Monday that Walter may sell his stake in the English Premier League's Chelsea soccer team.
Walter's TWG has been exploring a range of deals with investors to clean up Walter's loans on his insurer's balance sheet that have elicited scrutiny from federal prosecutors, according to a Bloomberg report on Thursday.
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