Led by Boaz Weinstein and supported by fellow managers Bill Ackman and Marc Lasry, the investor trio submitted an offer Sunday worth over $12 a share.
2 min read
Boaz Weinstein, Bill Ackman and Marc Lasry have joined forces to make an offer to buy New York-based alternative asset manager Sculptor Capital - but the bid could get rejected.Wall Street Journal However, the renewed submission also appears to be at risk of getting rejected after Sculptor Capital said in a press release on Monday, without identifying the bidders, that a new proposal it received fell short of expectations.
Sculptor has already agreed to be taken over by another company, real-estate investment firm Rithm Capital, in a deal that values the struggling hedge fund at around $11.15 per share. On Friday, the shares closed at $11.20 each.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hedge Fund Sculptor Rejects Unsolicited Bid by Weinstein, AckmanSculptor Capital Management Inc. spurned an unsolicited bid from a group of hedge fund giants including Boaz Weinstein and Bill Ackman.
Read more »
Opinion: Supply management is a disaster, and the terrible Bill C-282 will make it worseBill C-282 prohibits the government from concluding any trade agreement that increases foreign access to Canada’s supply managed agriculture sector
Read more »
Guy Wants To Split The Bill, Girl Gets “The Ick,” Wonders If She’s RightWhy is paying on dates always so uncomfortable?
Read more »
Gun-owner advocates will push to scrap Bill C-21 in fall sessionLegislation related to firearms and cyber security are on the fall agenda.
Read more »
Group of House conservatives unveil demands to support spending bill and avoid shutdownWASHINGTON (AP) — House conservatives in a group known as the Freedom Caucus have unveiled a list of demands that they want included in a stopgap spending measure to keep the federal government running after the end of September. It's a smorgasbord of non-starters for the Democratic-controlled Senate and the White House, signaling the challenges House Speaker Kevin McCarthy will face next month to get a bill passed in the House without alienating a sizeable share of his conference. Historically,
Read more »
Market Digests $1 Trillion Jump in T-Bill Supply Without HiccupThe government has issued an eye-watering $1 trillion in Treasury bills since the debt-ceiling was suspended in early June. So far, the market hasn’t batted an eye.
Read more »