SCU - Consortium-Backed By Billionaires Boaz Weinstein Bill Ackman Revise Sculptor Capital Bid As Board Shows Concern | Benzinga
American hedge fund manager and founder of Saba Capital Management, Boaz Weinstein and his consortium of bidders have updated their purchase offer for Sculptor Capital Management Inc (NYSE: SCU) in response to concerns outlined by the board's special committee in a recent proxy filing.
This consortium, which includes billionaires such as Bill Ackman, Marc Lasry, and Jeff Yass, increased its offer by 51 cents per share the previous week.
While Weinstein's offer remains at $12.76 per share, it has strengthened its equity commitments, removed risks associated with debt ...