Brighthouse Financial Recommends Shareholders Reject 'Mini-Tender' Offer by Potemkin Limited
CHARLOTTE, N.C.--(BUSINESS WIRE)--Brighthouse Financial, Inc. ('Brighthouse Financial' or the 'company') (Nasdaq: BHF) announced today that it has received notice of an unsolicited 'mini-tender' offer made by Potemkin Limited ('Potemkin') to Brighthouse Financial shareholders to purchase up to 100,000 shares of Brighthouse Financial's common stock at a price of $36.00 per share. This means that Brighthouse Financial shareholders who tender their shares in the offer will receive a price significantly below the current market price for the company's common stock and which is an approximate 41.12% discount to the closing price of the company's common stock as of May 19, 2025 ($61.14 per share).
Brighthouse Financial does not endorse Potemkin's unsolicited mini-tender offer and is not affiliated or associated in any way with Potemkin, its mini-tender offer or the offer documentation. Brighthouse Financial recommends that shareholders do not tender their shares in response to Potemkin's offer because the offer is at a price that is significantly below the current market value of Brighthouse Financial's common stock.
The offer is currently scheduled to expire at 5:00 p.m., New York City time, on September 16, 2025, unless extended or earlier revoked by Potemkin. Shareholders who tender their shares may withdraw them in the manner described in Potemkin's offering documents.
A mini-tender offer is an offer for less than 5% of a company's shares and is therefore not subject to the disclosure and procedural requirements required by the U.S. Securities and Exchange Commission ('SEC') for larger tender offers. As a result, mini-tender offers do not provide investors with the same level of protections under U.S. securities laws that are provided for larger tender offers. The SEC has cautioned investors about mini-tender offers, providing guidance to investors at https://www.sec.gov/investor/pubs/minitend.htm.
Brighthouse Financial encourages brokers and dealers, as well as other market participants, to review the SEC's letter regarding broker-dealer mini-tender offer dissemination and disclosures at https://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm and the NASD Notice to Members 99-53 issued in July 1999 regarding guidance to members forwarding mini-tender offers to their customers, which can be found at https://www.finra.org/sites/default/files/NoticeDocument/p004221.pdf.
Shareholders should obtain current market quotations for their shares of Brighthouse Financial common stock, consult with their broker or financial advisor and exercise caution with respect to Potemkin's mini-tender offer.
Brighthouse Financial requests that a copy of this news release be included with all distributions of materials relating to Potemkin's mini-tender offer related to Brighthouse Financial's common stock.
About Brighthouse Financial, Inc.
Brighthouse Financial, Inc. (Brighthouse Financial) (Nasdaq: BHF) is on a mission to help people achieve financial security. As one of the largest providers of annuities and life insurance in the U.S., 1 we specialize in products designed to help people protect what they've earned and ensure it lasts. Learn more at brighthousefinancial.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
eSIM Go and CSG Accelerate, Simplify MVNO Journey
Modernised platform streamlines onboarding, enhances user experience and powers agile growth for MVNO customers LONDON, June 11, 2025--(BUSINESS WIRE)--As the global mobile virtual network operator (MVNO) market surges towards a projected $137 billion by 2030, eSIM Go, a digital connectivity pioneer, is scaling for future growth. With its modernised user platform, developed in collaboration with CSG® (NASDAQ: CSGS), eSIM Go will simplify and speed up the MVNO journey, enabling faster onboarding, richer self-service and seamless integration of digital offerings. "Businesses from fintechs to airlines are looking to deepen customer relationships by offering custom digital mobile services. But becoming an MVNO has traditionally been a slow, complex and inflexible process," said Zacc Couldrick, CEO, eSIM Go. "As we aim to eliminate the barriers to entry into the digital connectivity space, we needed a technology provider with deep network relationships and a history of simplifying complex processes. With CSG's proven, cloud-native technology, we've built a platform that makes it easy to launch, integrate and personalise connectivity offerings that customers truly value." eSIM Go's next-generation platform allows businesses to deploy new wireless services in as little as 48 hours. By integrating CSG Ascendon into the platform, eSIM Go customers benefit from streamlined onboarding and offboarding, and a fast, intuitive self-service experience. Whether scaling a product portfolio or entering new markets, eSIM Go customers can move with greater speed and agility to meet the evolving demands of a digital economy. "We're seeing a resurgence in MVNO innovation, as businesses create tailored connectivity services for niche and underserved markets," said Sean Casey, SVP, Product Management, CSG. "In a complex partnership ecosystem, eSIM Go's modernised platform redefines what's possible, making MVNO onboarding faster, easier and more scalable while building loyalty that lasts. This is a pivotal step in the evolution of digital connectivity, and it's an honour for CSG to support eSIM Go as it leads the charge in delivering simplified, future-ready solutions for sustainable growth." Discover how CSG's cloud-native platform supports innovation and scalability for MVNOs and for MVNEs, helping innovators like Three Group Solutions drive agility and growth. About CSG CSG empowers companies to build unforgettable experiences, making it easier for people and businesses to connect with, use and pay for the services they value most. Our customer experience, billing and payments solutions help companies of any size make money and make a difference. With our SaaS solutions, company leaders can take control of their future and tap into guidance along the way from our fiercely committed and forward-thinking CSGers around the world. Want to be future-ready and a change-maker like the global brands that trust CSG? Visit to learn more. About eSIM Go eSIM Go empowers businesses of any size to offer their own digital connectivity solutions to customers, providing everything needed to scale their global opportunity and go to market fast. Any commercial model can be aligned with eSIM Go's complete eSIM product ecosystem, enabling business partners to embed our capabilities into their product via API, co-brand a fully managed eSIM service or pursue an affiliate route. Global brands in travel, MNO/MVNO, fintech and more trust eSIM Go to generate revenue and increase customer loyalty through high quality eSIM data bundles based on over 1,000 networks in 190+ countries. For more, see View source version on Contacts Julia DakhliaPublic Relations+1 (402) John ReaInvestor Relations+1 (210) Davis BarkerInvestor Relations+1 (303) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Which Software Stocks Is BofA Securities Bullish On?
The BofA Securities software research team hosted 18 public and 10 private companies at the BofA Global Technology Conference in San Francisco on June 3-5. With an ever-changing macro policy backdrop, the spending environment was the focus of this discussion. AI product cycles were another key topic discussed, with companies citing healthy pilot activity for agentic applications. Based on discussions, participating software companies endorsed a generally stable environment, although companies remained cognizant of underlying the analyst report noted that while product cycles for agentic AI are still in their early stages, they are reportedly gaining traction through initial pilot deals. Analyst Brad Sills included key takeaways from meetings with participating companies in this report. Sills said Microsoft Corp.'s (NASDAQ:MSFT) (Buy, price forecast $515) Commercial CFO Mat McBride suggested sustained momentum in the Azure business, led by healthy cloud migration. According to the analyst, Microsoft is rapidly innovating across the enterprise stack. ServiceNow's (NYSE:NOW) (Buy, price forecast $1,085) Chief Customer Officer Chris Bedi highlighted solid execution through a tough macro environment in the tariff-impacted manufacturing vertical and DOGE-impacted Federal vertical. ServiceNow noted sustained momentum across the broad IT, customer, and employee application suites. It is expanding rapidly to multiple departments in the enterprise. In front office applications, Salesforce's (NYSE:CRM) (Buy, price forecast $350) COO and CFO, Robin Washington, reiterated pockets of weakness in tariff-impacted verticals like manufacturing and retail, though noting strength elsewhere, Sills said. According to the analyst, Salesforce is driving growth in both core and Agentforce. The analyst noted that Datadog's (NASDAQ:DDOG) (Buy, price forecast $138) CFO, David Obstler, highlighted the company's expanding product offering and its long-term growth potential for monitoring cloud workloads, which are increasing in volume and complexity due to AI. The analyst noted that Datadog's AI-native cohort is growing quickly, though volatility is inherent in the consumption model. Sills said Asana (NYSE:ASAN) (Buy, price forecast $21) noted slight incremental macro headwinds in April for its enterprise segment. According to the analyst, AI Studio could represent a powerful second-half 2026 catalyst for Asana. The analyst noted that software firms cited solid leading indicators for agentic application adoption, though these cycles remain nascent. He said data management vendors such as Microsoft noted added database activity as enterprises prepare for running agentic AI applications. DevSecOps software vendor JFrog (NASDAQ:FROG) (Buy, price forecast $48) discussed how AI-focused code is beginning to show up more this year, Sills said. The analyst pronounced JFrog's setup good heading into the second half of 2025. Application vendors Salesforce and ServiceNow cited healthy pilot activity for agentic applications, Agentforce, and Now Assist, the analyst noted. However, he said revenue targets are limited at this cycle stage. Microsoft cited hundreds of thousands of customers running Microsoft 365 Copilot, expanding deployments, Sills noted. He said that OneStream (NASDAQ:OS) (Buy, price forecast $33) highlighted its attractive AI value proposition and adoption trends in the back office with its SensibleAI Forecast offering. OneStream is an AI-powered back-office disruptor. The analyst said Asana and Freshworks (NASDAQ:FRSH) (Neutral, price forecast $18) noted healthy demand for AI Studio and Freddy AI. Freshworks' AI offerings are driving up the list across all growth levers. Read Next:Photo by Bumble Dee via Shutterstock Date Firm Action From To Feb 2022 Tigress Financial Maintains Buy Jan 2022 Citigroup Maintains Buy Jan 2022 Morgan Stanley Maintains Overweight View More Analyst Ratings for MSFT View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? MICROSOFT (MSFT): Free Stock Analysis Report SALESFORCE (CRM): Free Stock Analysis Report SERVICENOW (NOW): Free Stock Analysis Report FRESHWORKS (FRSH): Free Stock Analysis Report This article Which Software Stocks Is BofA Securities Bullish On? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Jim Cramer on Booking Holdings (BKNG): 'Think Twice Before You Write Off the Travel Bull Market'
We recently published a list of . In this article, we are going to take a look at where Booking Holdings Inc. (NASDAQ:BKNG) stands against other stocks that Jim Cramer discusses. During the episode, Cramer showed bullish sentiment toward Booking Holdings Inc. (NASDAQ:BKNG) as he said: 'Now, each day has its own Mosaic… There's Booking Holdings, the old Priceline, which might make you think twice before you write off the travel bull market.' Booking (NASDAQ:BKNG) is a travel services company that provides a broad range of online and traditional reservation platforms for accommodations, transportation, restaurants, and related services, along with advertising, insurance, and management solutions. Cramer mentioned the company when he was discussing the best-performing stocks of the last 20 years in April. He commented: A fast-paced travel agent making a bookings for a family vacation package. 'Third best performer over the last 20 years, Booking Holdings. Yes, the online travel agency formerly known as Priceline, with a stock that's up a staggering 22,000%. These guys figured out how to dominate the increasingly online travel space and made some very smart acquisitions over the years. Long term, I'm still a believer, although we have to take a hard look after it reported just this very evening.' Overall, PG ranks 16th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of PG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
