Sculptor Capital rises on accepting Rithm's sweetened bid

Sculptor Capital Management

12/10/2023 15:44

** Shares of hedge fund firm Sculptor Capital Management
 SCU.N  rise 2.26% to $12.23 
    ** SCU says it will accept a sweetened bid from Rithm
Capital  RITM.N  after the real estate investment firm raised
its offer for SCU by nearly 8% to ~$676 mln
    ** RITM will now pay $12/shr vs $11.15/shr earlier - SCU
    ** Shares of RITM were down 1.22% at $9.35
    ** RITM's new offer comes nearly one week after a consortium
backed by billionaire investors made their own proposal for SCU
    

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