Boaz Weinstein bid over $12 per share for Sculptor, WSJ reports

Boaz Weinstein and several other high-profile investors including William Ackman and Marc Lasry have made a rival offer for Sculptor Capital Management (SCU), which already agreed to sell itself to Rithm Capital (RITM) for $11.15 in cash per share or $639M, Gregory Zuckerman of Wall Street Journal reports. Weinstein’s group presented an offer for Sculptor that was rejected during the sales process and it subsequently increased its bid to more than $12 a share, people familiar with the matter told the Journal. Sculptor shares closed at $11.20 on Friday. If successful, the group likely would install new management, the sources added.