Brighthouse Financial, Inc. (NASDAQ:BHF) soared to an eight-year high after news of its $4.1 billion acquisition by Aquarian Capital, pushing shares up 26.83 percent to $65.70 apiece. The merger agreement values each share at $70, a 35 percent premium from the previous closing price of $51.80. The deal is set to close in 2026.

In light of the acquisition news, Brighthouse Financial, Inc. (NASDAQ:BHF) canceled its third-quarter earnings conference call scheduled for November 7. While BHF shows investment potential, AI stocks are seen as having higher returns with limited downside risk. Investors seeking opportunities can explore the best short-term AI stock.

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Read more at Yahoo Finance: Brighthouse (BHF) Hits New High on Aquarian’s $4.1-Billion Buyout Bid