Brighthouse Financial

The board of directors of Brighthouse Financial has appointed Richard A. Cook as chief accounting officer, effective September 3, 2026. He succeeds Melissa B. Pavlovich, who will leave the company on September 2, 2026; the company emphasizes her departure is not related to financial reporting or accounting practices. Cook will receive a base salary of $425,000 plus short-term and long-term variable compensation; the company is rated undervalued by InvestingPro. » Więcej na de.investing.com

Brighthouse Financial is trading at a mid-teens discount to the $70 all-cash acquisition price agreed with Aquarian Capital, driven mainly by timing and complexity of regulatory and insurance control reviews rather than shareholder dispute. GAAP shows headline losses but adjusted earnings are positive and estimated statutory risk-based capital of 430%–450% suggests a strong capital position. The situation creates an event-driven merger spread with downside limited by the voted cash price and upside if state approvals progress and the buyer clears regulatory scrutiny; extension mechanics in the deal reduce binary break risk. » Więcej na finance.yahoo.com

Brighthouse Financial agreed to be acquired by Aquarian Capital for $70 per share in cash and shareholders approved the deal in February 2026, leaving regulatory approvals as the final step. Hedge funds are buying shares to capture the roughly 12.4% spread and expect the deal to close in H2 2026. Greenlight Capital (David Einhorn) has held a position in Brighthouse since 2017 and reported about 2.8 million shares in its Q4 2025 filing. » Więcej na finance.yahoo.com