Brighthouse Financial shares surge on report of Aquarian takeover talks

Investing.com -- Shares of Brighthouse Financial soared as much as 25% in premarket trading on Friday following a Financial Times report that Aquarian Holdings is in advanced talks to take the US life insurer private.

According to the newspaper, which cited three unidentified people briefed on the matter, a deal could be announced as soon as this weekend. Aquarian is reportedly considering a payment of up to $70 per share for the acquisition.

The Financial Times noted that no deal has been fully agreed upon at this point. Both Brighthouse Financial and Aquarian Holdings declined to comment on the report.

This development follows multiple reports from September indicating that Aquarian was discussing a potential bid for Brighthouse in the range of $65 to $70 per share.

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