M&A
confidence high
sentiment positive
materiality 1.00
Aquarian Capital to acquire Brighthouse Financial for $70/sh in $4.1B all-cash deal
Brighthouse Financial, Inc.
- Aquarian Capital to acquire Brighthouse Financial for $70.00 per share in cash; transaction valued at ~$4.1B.
- CEO Eric Steigerwalt will continue leading Brighthouse Financial as a standalone entity within Aquarian portfolio.
- Closing expected in 2026, subject to stockholder approval, antitrust clearance, and insurance regulatory approvals.
- Preliminary Q3 2025 metrics: statutory total adjusted capital $5.4B, RBC ratio 435%-455%, holding company liquid assets $1.0B.
- Brighthouse cancels scheduled Q3 2025 earnings call; earnings release still expected after market on Nov. 6.