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News

Boaz Weinstein, William Ackman And Marc Lasry Make $12/Share Offer For Sculptor Capital Management

Author: Benzinga Newsdesk | August 21, 2023 12:15am

-The Wall Street Journal

The company stated: "We have received an unsolicited proposal from a third party that had participated in the strategic alternatives process. This bidder has not demonstrated adequate committed funding for any of its bids.Though this latest bid's headline valuation is higher than the Rithm transaction, this proposal only includes committed financing for less than half of the amount required to consummate the transaction and underestimates the amount that would be necessary by several hundred million dollars."

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