Published on 21 Nov 2023 on Zacks via Yahoo Finance
Rithm Capital (RITM) Closes Sculptor Capital Buyout for $719M
Rithm Capital Corp. RITM has closed the previously announced acquisition of Sculptor Capital Management Inc. for $12.70 per class A share, valuing the transaction at $719.8 million.
With the completion of the deal, Sculptor’s common stock will be delisted and stop trading on the New York Stock Exchange.
When the transaction was announced in July this year, RITM had offered a deal price of $11.15. This was subsequently amended and increased by 13.9% in October. The transaction represents a premium of 49.4% over the unaffected Nov 17, 2022, closing price of $8.50.