Weinstein teams up with Ackman and Lasry to launch Sculptor rival bid - WSJ

Sculptor Capital Management

21/08/2023 01:07

Aug 20 (Reuters) - Wall street investors Boaz Weinstein,
Bill Ackman and Marc Lasry have made a rival offer for hedge
fund firm Sculptor Capital Management  SCU.N , the Wall Street
Journal reported on Sunday.
    Asset manager Rithm Capital  RITM.N  last month agreed to
acquire Sculptor for $639 million.
    Weinstein’s group presented an offer for Sculptor that was
rejected during the sales process and it has subsequently
increased its bid to more than $12 a share, people familiar with
the matter told the Journal. 
    

 (Reporting by Kanjyik Ghosh in Bengaluru; Editing by
Muralikumar Anantharaman)
 ((Kanjyik.Ghosh@thomsonreuters.com;))