Brighthouse Financial, Inc. announced on May 19, 2025, that it recommends shareholders reject an unsolicited 'mini-tender' offer from Potemkin Limited. Potemkin offered to purchase up to 100,000 shares of Brighthouse Financial's common stock at $36.00 per share.
The company stated that this offer price represents an approximate 41.12% discount to the closing market price of $61.14 per share as of May 19, 2025. Brighthouse Financial is not affiliated with Potemkin Limited or its offer.
Brighthouse Financial believes the offer is not in the best interest of its shareholders, as the price is significantly below the current market value of the company's common stock. Shareholders are advised to exercise caution and consult with their financial advisors regarding this unsolicited offer.
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