Founding Partners Of Sculptor Capital Comment On Special Committee's Rejection Of Offer To Purchase The Company For $12.76/Share; Continued Support For $11.15/Share Offer From Rithm Capital
Portfolio Pulse from Benzinga Newsdesk
Founding partners of Sculptor Capital have expressed their support for the $12.76/share offer from the 'Bidder J consortium' to purchase the company, which is higher than the $11.15/share offer from Rithm Capital. The consortium reportedly includes renowned investors Boaz Weinstein, Marc Lasry, Bill Ackman, and Jeff Yass. The partners have urged Sculptor to release more information about the higher bid and to maximize the bidding process for the benefit of shareholders.
August 31, 2023 | 5:39 pm
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POSITIVE IMPACT
Sculptor Capital is urged by its founding partners to consider a higher bid from the 'Bidder J consortium'. This could potentially increase the company's share price.
The founding partners' support for the higher bid could put pressure on Sculptor Capital to consider it. If accepted, this could lead to an increase in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Rithm Capital's lower bid for Sculptor Capital is less favored by the company's founding partners. This could potentially impact Rithm's reputation and future deals.
The founding partners' preference for the higher bid could negatively impact Rithm Capital's reputation and its chances of securing future deals.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80