Brighthouse Financial (BHF) Stock Trades Up, Here Is Why
What Happened? Shares of insurance and annuity provider Brighthouse Financial (NASDAQ:BHF) jumped 27.3% in the morning session after the company announced it agreed to be acquired by an affiliate of Aquarian Capital LLC in an all-cash deal. The transaction valued Brighthouse at approximately 70.00 for each share. This price represented a significant premium of 37.7% over the company's 90-day volume-weighted average price. According to the agreement, Brightho ...