Rithm Capital completes acquisition of Stellus Capital

Rithm Capital (RITM) said it completed its previously announced acquisition of Sculptor Capital Management (SCM) for $12.70 per share in a transaction valued at approximately $719.8M. In connection with the completion of the transaction, Sculptor’s common stock will cease trading on the New York Stock Exchange and will be delisted. “The completion of this transaction is a significant milestone for our team and an important next step in the growth and evolution of Rithm,” said Michael Nierenberg, Chairman, Chief Executive Officer, and President of Rithm Capital. “We are excited to bring together our talented teams and create a superior global asset management business focused on delivering significant, long-term value for our shareholders and fund investors.”