Weinstein group revises Sculptor bid after board's concerns - Bloomberg News

Sculptor Capital Management

07/09/2023 01:09

Sept 6 (Reuters) - Wall Street investor Boaz Weinstein
and his group of bidders have revised their offer to buy hedge
fund firm Sculptor Capital Management  SCU.N , Bloomberg News
reported on Wednesday, citing people familiar with the matter.
    While Weinstein's bid remains at $12.76 a share, it has
beefed up its equity commitments, eliminated risks associated
with debt financing, and increased the damages it would pay if
it fails to complete the transaction, the report added.

 (Reporting by Rishabh Jaiswal in Bengaluru; Editing by Sandra
Maler)
 ((rishabh.jaiswal@thomsonreuters.com;))