Rithm Capital Enters Into Amended Merger Agreement To Acquire Sculptor Capital Management For $12.70 Per Sculptor Class A Share
Portfolio Pulse from Benzinga Newsdesk
Rithm Capital has amended its merger agreement to acquire Sculptor Capital Management at $12.70 per Sculptor Class A share, a 13.9% increase over Rithm's original bid. The transaction value is approximately $719.8 million.
October 27, 2023 | 10:16 am
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NEGATIVE IMPACT
Rithm Capital's acquisition of Sculptor Capital Management at a higher bid could impact its short-term financials.
The increased bid for Sculptor Capital Management could strain Rithm Capital's short-term financials, potentially leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100