BUZZ - Brighthouse shares closed higher after reports that Sixth Street is seeking to restart its acquisition bid.

September 22 - ** Life insurance company Brighthouse Financial (BHF.O) shares closed up 4% at $51.90

** According to Bloomberg (link), sources revealed that Sixth Street is planning to revive its unlikely bid to acquire BHF

** The report added that last month, Talcott Financial Group, an insurance company backed by Sixth Street, sent a private letter to BHF reiterating that should the current transaction fall through, it would make an acquisition offer for this insurance and annuity provider

** Aquarian Capital agreed last year to acquire Brighthouse for $4.1 billion, but the deal has not yet been completed and remains under regulatory review (link)

** As of the last trading day’s close, BHF is down 19.9% year-to-date

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