Brighthouse Financial, Inc.BHF
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Acquisition by Aquarian Capital at $4.1 billion drives stock surge

Brighthouse Financial shares surged 26.7% after news surfaced in November 2026 that Aquarian Capital would acquire the company for $4.1 billion. The stock is up 17.8% over the past year but down 1.8% year-to-date. Billionaire Glenn Dubin's Highbridge Capital increased its stake to 438,372 shares in the first quarter of 2026, up from 275,390 shares in the third quarter of 2025. Greenlight Capital noted the sale process provided a reasonable exit from a challenged situation, though the valuation at less than two-thirds of book value was not exciting.
Brighthouse Financial, Inc.Acquisition by Aquarian Capital at $4.1 billion drives stock surge