Just Group shareholders approve Brookfield Wealth Solutions acquisition

BROOKFIELD - Just Group plc shareholders voted in favor of Brookfield Wealth Solutions (BWS) acquisition of the company at meetings held on Friday, marking a significant step toward completion of the deal. Brookfield, with its current market capitalization of $109 billion and strong liquidity position as indicated by a healthy current ratio of 1.67, continues to demonstrate its robust expansion strategy in the financial services sector.

The transaction, which received what the company described as "overwhelming shareholder support," is expected to close in the first half of 2026, subject to regulatory approvals and other customary closing conditions.

Upon completion, Just Group will join BWS’s insurance operations, increasing the group’s total assets to approximately $180 billion.

"This milestone demonstrates overwhelming shareholder support for our ambitions to build on Just’s commitment to provide financial security to its policyholders and further invest in long-dated assets in sectors critical to the U.K. economy," said Sachin Shah, CEO of Brookfield Wealth Solutions.

The acquisition represents an expansion of BWS’s presence in the United Kingdom retirement market. The company stated the deal creates an opportunity to "provide safe and secure retirement income solutions for U.K. pensioners."

Brookfield Wealth Solutions (NYSE, TSX:BNT) describes itself as an investment-led insurance organization focused on retirement services and wealth protection products. Each class A exchangeable limited voting share of Brookfield Wealth Solutions is exchangeable on a one-for-one basis with a class A limited voting share of Brookfield Corporation (NYSE, TSX:BN).

The information in this article is based on a press release statement from Brookfield Wealth Solutions. Brookfield’s stock has shown remarkable momentum, with a 31% return over the past six months. For deeper insights into Brookfield’s financial health and future prospects, including 12 additional exclusive ProTips, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Brookfield Corporation reported its earnings for the second quarter of 2025, revealing a significant revenue achievement of $18.08 billion, which far exceeded the anticipated $1.4 billion. However, the company’s earnings per share (EPS) fell short of expectations, coming in at $0.80 compared to the forecasted $0.90. Following these results, RBC Capital raised its price target for Brookfield to $83.00, maintaining an Outperform rating, citing "solid quarterly results" and multiple catalysts for future growth. Similarly, TD Cowen reiterated its Buy rating with an $83.00 price target, noting the stock’s undervaluation despite a year-to-date rise. Goldman Sachs also initiated coverage of Brookfield with a Buy rating and a $78.00 price target, emphasizing the company’s potential for significant capital generation and growth in book value. Furthermore, JPMorgan increased its price target to $73.00, maintaining an Overweight rating and highlighting Brookfield’s strong position in infrastructure. These developments reflect a general positive sentiment among analysts regarding Brookfield’s future prospects.

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