BRIEF-Rithm Capital To Buy Sculptor Capital Management For About $720 Mln

OCH AND OTHER FORMER EMDS HAVE ENTERED INTO BINDING AGREEMENT TO VOTE SHARES IN SUPPORT OF RITHM TRANSACTION AND DISMISS THEIR PENDING LITIGATION * RITHM CAPITAL CORP- AS PART OF AMENDED AGREEMENT, RITHM AGREED TO WAIVE SCULPTOR'S CLIENT CONSENT CONDITION WITH RESPECT TO ALL SCULPTOR FUNDS * RITHM CAPITAL CORP: PROPOSED DEAL FOR AGGREGATE TRANSACTION VALUE OF APPROXIMATELY $719.8 MILLION Source text for Eikon: Further company coverage:


Reuters | Updated: 27-10-2023 16:20 IST | Created: 27-10-2023 15:40 IST
BRIEF-Rithm Capital To Buy Sculptor Capital Management For About $720 Mln

Rithm Capital Corp: * RITHM CAPITAL CORP. ENTERS INTO AMENDED MERGER AGREEMENT TO ACQUIRE SCULPTOR CAPITAL MANAGEMENT FOR $12.70 PER SCULPTOR CLASS A SHARE

* RITHM CAPITAL CORP - TRANSACTION EXPECTED TO CLOSE SHORTLY AFTER SCULPTOR STOCKHOLDERS' MEETING SCHEDULED ON NOVEMBER 16, 2023 * RITHM CAPITAL CORP- TRANSACTION EXPECTED TO CLOSE SHORTLY AFTER SCULPTOR STOCKHOLDERS' MEETING SCHEDULED ON NOVEMBER 16, 2023

* RITHM: DANIEL S. OCH AND OTHER FORMER EMDS HAVE ENTERED INTO BINDING AGREEMENT TO VOTE SHARES IN SUPPORT OF RITHM TRANSACTION AND DISMISS THEIR PENDING LITIGATION * RITHM CAPITAL CORP- AS PART OF AMENDED AGREEMENT, RITHM AGREED TO WAIVE SCULPTOR'S CLIENT CONSENT CONDITION WITH RESPECT TO ALL SCULPTOR FUNDS

* RITHM CAPITAL CORP: PROPOSED DEAL FOR AGGREGATE TRANSACTION VALUE OF APPROXIMATELY $719.8 MILLION Source text for Eikon: Further company coverage:

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