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Boaz Weinstein raises bid for hedge fund Sculptor to $13/share - WSJ

Founder and CIO at Saba Capital Management Weinstein speaks during the SALT conference in Las Vegas
April 26, 2024
Reuters - Reuters

(Reuters) - Boaz Weinstein's coalition has sweetened its offer for hedge fund firm Sculptor Capital Management, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Over the weekend, Weinstein's group presented a bid of around $13 a share, up from its previous $12.76 per share offer, the report said.

Wall Street investor Weinstein and his group of bidders have been caught in a bidding war as Sculptor sticks to a deal with asset manager Rithm Capital that was made in August.

Boaz Weinstein raises bid for hedge fund Sculptor to $13/share - WSJ
FILE PHOTO: Boaz Weinstein, founder and Chief Investment Officer of Saba Capital Management, speaks at the Reuters Investment Outlook Summit in New York

(Reporting by Savyata Mishra in Bengaluru)

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