Brighthouse Financial, Inc. (NASDAQ:BHF) ranks among the best cheap rising stocks to invest in now. In response to rumors of a possible acquisition, Raymond James reaffirmed its Strong Buy rating and $72 price target on Brighthouse Financial, Inc. (NASDAQ:BHF) on September 19. According to Bloomberg, discussions are underway for Aquarian and other investors to acquire Brighthouse Financial, Inc. (NASDAQ:BHF) for $65-70 per share, which could value the company’s equity at close to $4 billion.
The report claims that Aquarian is in talks with the Qatar Investment Authority and Mubadala Capital regarding the investment. These partners can provide at least half of the equity capital required for the deal.
Meanwhile, a recent report by The Financial Times states that Aquarian is raising about $3 billion in equity for the transaction. According to FT, Aquarian is raising its debt, which would complement Brighthouse Financial’s current financial structure.
Brighthouse Financial, Inc. (NASDAQ:BHF) is a financial services company that offers annuities and life insurance. Its Life division provides term, universal, whole, and variable life insurance to policyholders.
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Disclosure: None. This article is originally published at Insider Monkey.