Brief: Sculptor Capital Management Says Received An Unsolicited Proposal From A Third Party

Sculptor Capital Management

21/08/2023 01:43

Aug 20 (Reuters) - Sculptor Capital Management Inc
 SCU.N :
    * SCULPTOR CAPITAL MANAGEMENT SPECIAL COMMITTEE ISSUES
STATEMENT
REGARDING RECEIPT OF UNSOLICITED, INSUFFICIENTLY FUNDED PROPOSAL
    * SCULPTOR CAPITAL MANAGEMENT - HAVE RECEIVED AN UNSOLICITED
PROPOSAL FROM A THIRD PARTY THAT HAD PARTICIPATED IN STRATEGIC
ALTERNATIVES PROCESS
    * LATEST BID'S HEADLINE VALUATION IS HIGHER THAN RITHM
TRANSACTION,
    * SCULPTOR CAPITAL MANAGEMENT - BIDDER HAS NOT DEMONSTRATED
ADEQUATE COMMITTED FUNDING FOR ANY OF ITS BIDS
    * SCULPTOR - LATEST BID PROPOSAL ONLY INCLUDES COMMITTED
FINANCING
FOR LESS THAN HALF OF AMOUNT REQUIRED TO CONSUMMATE TRANSACTION
    * SCULPTOR - SPECIAL COMMITTEE HAS NOT DETERMINED THAT BID
IS, OR
IS REASONABLY EXPECTED TO LEAD TO, A SUPERIOR PROPOSAL
    * FURTHER DETAILS WILL BE PROVIDED IN COMPANY'S PROXY
STATEMENT
WHICH WILL BE PUBLICLY FILED
    * SCULPTOR -  LATEST BID PROPOSAL UNDERESTIMATES AMOUNT
REQUIRED
TO CONSUMATE TRANSACTION BY SEVERAL HUNDRED MILLION DOLLARS

Source text for Eikon:  ID:nBwb9Vn9Wa 
Further company coverage:  SCU.N 

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