Hedge fund Sculptor gains on $720 mln buyout offer from Rithm Capital

Sculptor Capital Management

27/10/2023 12:14

** Shares of hedge fund Sculptor Capital Management  SCU.N 
rise 1.6% to $12.59 premarket 
    ** Real estate investment firm Rithm Capital  RITM.N  to
acquire firm in a deal value of about $719.8 million, for $12.70
per class A shares
    ** Sculptor's board, acting on the unanimous approval and
recommendation of the company's special committee, has approved
the amended agreement and recommended that its stockholders vote
in its favor - cos
    ** SCU earlier this month said it will accept a sweetened
offer from Rithm, which had last offered $12 a share
    ** YTD, SCU shares are up 43.07%

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))