BUZZ-Brighthouse closes up after report Sixth Street looking to revive bid
BHF•Existing Aquarian deal remains under review
Aquarian Capital last year agreed to buy Brighthouse in a $4.1 billion deal, which is yet to close and remains under regulatory review.
As of the last close, BHF was down 19.9% year to date.
Brighthouse shares rise on Sixth Street bid report
Life insurer Brighthouse Financial's BHF.O shares closed up 4% at $51.90.
Sixth Street is looking to renew its long-shot bid to acquire BHF, Bloomberg News reports, citing people with knowledge of the matter.
Talcott Financial Group, an insurer backed by Sixth Street, sent a private letter to BHF last month reaffirming its bid to take over the insurance and annuity provider if a current deal falls through, the report adds.
