Brighthouse Financial (BHF), which was spun out of MetLife (MET) in 2017, is working with bankers at Goldman Sachs (GS) and Wells Fargo (WFC) to both consider offers for the whole company or separately to raise minority equity, two people familiar with the matter told Financial Times’ Sujeet Indap and Antoine Gara. Some of “the most prominent private capital managers” are expected to make bids for the U.S. provider life insurance and annuities, the report added, citing sources.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BHF:
- Brighthouse Financial working with bankers to explore sale, FT reports
- Brighthouse Financial price target lowered to $41 from $42 at Wells Fargo
- Brighthouse Financial price target lowered to $56 from $59 at JPMorgan
- Brighthouse Financial price target lowered to $52 from $55 at Piper Sandler
- Brighthouse Financial price target raised to $52 from $48 at Barclays