Aquarian Holdings, leading a consortium, is in “advanced” negotiations to acquire Brighthouse Financial, with a potential offer ranging from $65 to $70 per share, reported Bloomberg, citing sources.
The deal could value the insurance service provider at approximately $4bn, the news agency noted.
Aquarian is collaborating with co-investors such as the Qatar Investment Authority and Mubadala Capital, which are expected to contribute more than half of the capital for the acquisition.
Brighthouse may soon decide whether to proceed with the sale or maintain its independence, said sources.
While the talks are ongoing, no definitive decision has been made, and the discussions could still fail to result in an agreement.
A Brighthouse representative has refused to comment and Aquarian has not yet responded to requests for comment from Bloomberg on the deal.
Brighthouse…
