© Reuters. FILE PHOTO: Boaz Weinstein, founder and chief investment officer at Saba Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 17, 2017. REUTERS/Richard Brian/File Photo
(Reuters) – Boaz Weinstein’s coalition has sweetened its offer for hedge fund firm Sculptor Capital Management (NYSE:), 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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