Sculptor Gets Another Offer
Also private equity recruiting, Gabon’s blue bonds and Ben & Jerry’s securities fraud.
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Sculptor Capital Management Inc. is a publicly traded hedge fund firm that has agreed to sell itself to Rithm Capital Corp., another investment manager, for $11.15 per share. Since Sculptor signed the Rithm deal in July, another bidder has emerged: a group of mostly hedge fund managers, led by Boaz Weinstein and including Marc Lasry and Bill Ackman, who want to buy Sculptor with their personal funds, and who put in a bid earlier this month for $12.25. So far, though, Sculptor has said no: Its board of directors is sticking with the $11.15 Rithm deal rather than taking, or even really discussing, the $12.25 Weinstein deal.