Sculptor Capital Managementreceived multiple takeover bids that were higher than the $639 million offer it ultimately accepted from Rithm Capital Corp. last month, the latest twist in a deal that’s divided Wall Street.
Some of those offers valued Sculptor at more than $700 million, according to a proxy statement Sculptor filed Monday. The disclosure comes after reports that hedge fund giants Boaz Weinstein, Marc Lasry and Bill Ackman bid more than $12 a share, topping Rithm’s $11.15 per-share offer.
Of the higher-value bids, some were withdrawn, or were rejected by Sculptor because of burdensome conditions and because ...
