Hedge fund Sculptor rejects offer from Weinstein

Last week, Och and the founding partners slammed the deal with Rithm and said it “substantially” undervalued Sculptor. — Bloomberg

NEW YORK: Sculptor Capital Management received multiple takeover bids that were higher than the US$639mil (RM2.9bil) offer it ultimately accepted from Rithm Capital Corp last month, the latest twist in a deal that’s divided Wall Street.

Some of those offers valued Sculptor at more than US$700mil, according to a proxy statement Sculptor filed Monday.