{"id":39903,"date":"2023-07-24T15:53:36","date_gmt":"2023-07-24T19:53:36","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/sculptor-capital-management-stock-jumps-on-acquisition-with-rithm-capital\/"},"modified":"2023-07-24T15:53:37","modified_gmt":"2023-07-24T19:53:37","slug":"sculptor-capital-management-stock-jumps-on-acquisition-with-rithm-capital","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=39903","title":{"rendered":"Sculptor Capital Management stock jumps on acquisition with Rithm Capital"},"content":{"rendered":"
\n

Sculptor Capital Management Inc.
\n SCU,
\n +16.14%<\/bg-quote>
\n stock was up 15.2% in premarket trades on Monday after the alternative asset manager said it agreed to be acquired by Rithm Capital Corp.
\n RITM,
\n +5.29%<\/bg-quote>
\n for $11.15 a share in a deal valued at about $639 million. Rithm agreed to pay an 18% premium over Sculptor\u2019s closing price on Friday and a 31% premium over the unaffected share price of $8.50 on November 17. Sculptor unitholders will have the option to roll their partnership units into partnership units of one or more Rithm subsidiaries. The deal is expected to add to Rithm earnings in 2025. \u201cSculptor\u2019s $34 billion of assets under management coupled with Rithm\u2019s $7 billion of permanent equity capital and $30 billion-plus balance sheet creates a world-class asset management business,\u201d said Rithm Capital CEO Michael Nierenberg. The deal is expected to close in the fourth quarter. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sculptor Capital Management Inc. SCU, +16.14% stock was up 15.2% in premarket trades on Monday after the alternative asset manager said it agreed to be acquired by Rithm Capital Corp. RITM, +5.29% for $11.15 a share in a deal valued at about $639 million. Rithm agreed to pay an 18% premium over Sculptor\u2019s closing price […]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-39903","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nSculptor Capital Management stock jumps on acquisition with Rithm Capital | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Sculptor Capital Management Inc. 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