Sixth Street Negotiating Acquisition of Brighthouse at Approximately $55 per Share, According to Reuters
Brighthouse Financial (BHF) is in talks to be bought by Sixth Street (TSLX), three people familiar with the matter told Reuters' David French. Sixth Street's offer for Brighthouse is worth roughly $55 per share, two of the sources said. Deal negotiations with Sixth Street and its insurance affiliate, Talcott, were revived in recent days after negotiations with Aquarian Holdings cooled last month, according to the report. The Brighthouse board ultimately did not like the funding proposal with the final bid from Aquarian, an insurance and asset management-focused investment firm backed by Abu Dhabi state fund Mubadala and RedBird Capital Partners, sources said.
