Brief: Rithm Capital To Buy Sculptor Capital Management For About $720 Mln

Sculptor Capital Management

27/10/2023 11:08

Oct 27 (Reuters) - Rithm Capital Corp  RITM.N :
    * RITHM CAPITAL CORP. ENTERS INTO AMENDED MERGER AGREEMENT
TO
ACQUIRE SCULPTOR CAPITAL MANAGEMENT FOR $12.70 PER SCULPTOR
CLASS A SHARE
    * RITHM CAPITAL CORP - TRANSACTION EXPECTED TO CLOSE SHORTLY
AFTER
SCULPTOR STOCKHOLDERS' MEETING SCHEDULED ON NOVEMBER 16, 2023
    * RITHM CAPITAL CORP- TRANSACTION EXPECTED TO CLOSE SHORTLY
AFTER
SCULPTOR STOCKHOLDERS' MEETING SCHEDULED ON NOVEMBER 16, 2023
    * RITHM: DANIEL S. OCH AND OTHER FORMER EMDS HAVE ENTERED
INTO
BINDING AGREEMENT TO VOTE SHARES IN SUPPORT OF RITHM TRANSACTION
AND DISMISS THEIR PENDING LITIGATION
    * RITHM CAPITAL CORP- AS PART OF AMENDED AGREEMENT, RITHM
AGREED
TO WAIVE SCULPTOR'S CLIENT CONSENT CONDITION WITH RESPECT TO ALL
SCULPTOR FUNDS
    * RITHM CAPITAL CORP: PROPOSED DEAL FOR AGGREGATE
TRANSACTION
VALUE OF APPROXIMATELY $719.8 MILLION

Source text for Eikon:  ID:nBw9Wk8d1a 
Further company coverage:  RITM.N 

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