Rithm gets the upper hand in the Sculptor deal
After a long struggle, asset manager Rithm Capital could be in the pole position to buy troubled hedge fund Sculptor in a deal valued at approximately $720 million.
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After a long struggle, asset manager Rithm Capital could be in the pole position to buy troubled hedge fund Sculptor in a deal valued at approximately $720 million.
(Bloomberg) -- Sculptor Capital Management Inc. said major shareholder and founder Dan Och and his group agreed to a sweetened deal for the struggling hedge fund from Rithm Capital Corp.Most Read from BloombergHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingIsrael Latest: US Strikes Two Iran-Linked Facilities in SyriaChina, US Release Dueling Videos With Accusations of ProvocationUS Military Attacks Two Syrian Facilities It Says Linked to IranRithm’s amended offer
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(Bloomberg) -- Saba Capital Management’s Boaz Weinstein and his group of billionaire backers again raised their bid for Sculptor Capital Management Inc. Most Read from BloombergTrump Signals Support for Johnson’s Bid to Become House SpeakerChina Developer Country Garden Deemed in Default on Dollar Bond for First TimeControversial Chip in Huawei Phone Produced on ASML MachineBig Tech Leads Losses as Treasuries Under Pressure: Markets WrapNobody Wants Mutual Funds NowWeinstein’s consortium said on
NEW YORK--(BUSINESS WIRE)--Oct 17, 2023--