Boaz Weinstein raises bid for hedge fund Sculptor to $13/share - WSJ
Reuters
Published Oct 02, 2023 05:04PM ET
(Reuters) - Boaz Weinstein's coalition has sweetened its offer for hedge fund firm Sculptor Capital Management (NYSE:SCU), the Wall Street Journal reported on Monday, citing people familiar with the matter.
Over the weekend, Weinstein's group presented a bid of around $13 a share, up from its previous $12.76 per share offer, the report said.
Wall Street investor Weinstein and his group of bidders have been caught in a bidding war as Sculptor sticks to a deal with asset manager Rithm Capital that was made in August.
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Written By: Reuters
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