Brighthouse: A Waiting Game

When one company agrees to be absorbed by another, a premium is usually offered. A polite gesture, one might say. The stock price rises, naturally, drawn upward by the promise of a slightly better outcome. But it rarely reaches the full promised sum. A small residue of doubt remains, a lingering suspicion that things might not proceed as planned. It’s a human tendency, this refusal to fully embrace certainty. And it creates an opportunity, a fleeting chance for a small profit.







