Brighthouse Financial to be acquired by Aquarian Capital for $70 per share, expects closing in 2026

Brighthouse Financial, Inc.

All-cash transaction valued at $70.00 per Brighthouse common unit.
Brighthouse will operate as a standalone entity within Aquarian; CEO Eric Steigerwalt remains.
Headquarters in Charlotte, NC, and the Brighthouse brand name will continue.
Transaction expected to close in 2026, subject to stockholder and regulatory approvals.
Aquarian Capital has ~$25.6B in assets under management as of June 30, 2025.

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