Boaz Weinstein raises bid for hedge fund Sculptor to $13/share - WSJ

Sculptor Capital Management

02/10/2023 22:00

Oct 2 (Reuters) - Boaz Weinstein's coalition has
sweetened its offer for hedge fund firm Sculptor Capital
Management  SCU.N , the Wall Street Journal reported on Monday,
citing people familiar with the matter.
    Over the weekend, Weinstein's group presented a bid of
around $13 a share, up from its previous $12.76 per share offer,
the report said. 
    Wall Street investor Weinstein and his group of bidders have
been caught in a bidding war as Sculptor sticks to a deal with
asset manager Rithm Capital  RITM.N  that was made in August. 

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.Mishra@thomsonreuters.com;))