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Boaz Weinstein Raises Bid For Sculptor Capital As Rithm Capital Weighs Higher Offer

Published by: dailynews
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Boaz Weinstein has again boosted his bid for hedge fund firm Sculptor Capital Management Inc., prompting Rithm Capital Corp. to weigh a sweetened offer of its own, according to people familiar with the matter.

A consortium of deep-pocketed investors led by Weinstein approached Sculptor more than a week ago with an offer of at least $13 a share, up from an earlier bid of $12.76, said the people, who asked not to be identified discussing confidential information.

Read the full story on Bloomberg here.