Sculptor Capital jumps on report of improved bid from Boaz Weinstein

Sculptor Capital Management

03/10/2023 13:07

** Sculptor Capital Management  SCU.N  jumps nearly 6% to
$12.05 premarket after Boaz Weinstein's coalition sweetens its
offer to buy the hedge fund firm, according to a media report 
    ** Over the weekend, Weinstein's group presented a bid of
around $13 apiece, up from its previous offer of $12.76, the
Wall Street Journal reported on Monday, citing sources
    ** Weinstein and his bidder group have been engaged in a
bidding war as SCU sticks to a deal with asset manager Rithm
Capital  RITM.N  that was made in August
    ** Up to last close, SCU stock up 31% YTD
    

 (Reporting by Siddarth S in Bengaluru)
 ((Siddarth.s@thomsonreuters.com;))