Brighthouse Financial shares surge on $4.1 billion acquisition deal

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Summary · why it matters

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.

Impact on assets 1

Financials▲

Off-coverage companies 3

Aquarian Capitali
Private± Mixedrelevance

Greenlight Capitali
Private± Mixedrelevance

Highbridge Capital Managementi
Private± Mixedrelevance