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

Author: Benzinga Newsdesk | August 31, 2023 01:39pm

"We call upon Sculptor to release more information about the $12.76 bid from the ‘Bidder J consortium.' We know that $12.76 is materially higher than the $11.15 Rithm bid, and it has been widely reported that the consortium includes Boaz Weinstein, Marc Lasry, Bill Ackman and Jeff Yass, some of the most acclaimed investors of the last 25 years. It seems evident that such a group could augment Sculptor's investment team while paying much more cash to the shareholders. Many shareholders and investors are eager to hear more about such a bid, and we urge the Board to do its fiduciary duty and waive the NDAs to maximize the bidding process and achieve the highest value for shareholders. The shareholders and investors who must consent to the Rithm bid are entitled to full disclosure about the available alternatives."

Posted In: RITM SCU