Rithm amends Sculptor deal: price raised to $12.00/share; special meeting Nov 16

Rithm Capital Corp.

Price increased 7.6% to $12.00 per Sculptor Class A share from $11.15; aggregate value ~$676M.
Special meeting of Sculptor stockholders set for Nov 16, 2023; record date Oct 17.
Regulatory approvals received; fund investor consent threshold of 85% currently met.
Rithm also purchased Sculptor warrants for 4,338,015 shares from Delaware Life Insurance.
Transaction expected to close in Q4 2023 subject to stockholder approval and other conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Rithm Capital Corp. amended Amendment No. 1 to the Merger Agreement with Sculptor Capital Management, Inc., Sculptor Capital LP, Sculptor Capital Advisors LP, Sculptor Capital Advisors II LP, Calder Sub, Inc., Calder Sub I, LP, Calder Sub II, LP, Calder Sub III, LP (effective 2023-10-12).

Action: amendment
Agreement: merger
Counterparty: Sculptor Capital Management, Inc., Sculptor Capital LP, Sculptor Capital Advisors LP, Sculptor Capital Advisors II LP, Calder Sub, Inc., Calder Sub I, LP, Calder Sub II, LP, Calder Sub III, LP
Effective: 2023-10-12

Exact text from the filing

On October 12, 2023, Rithm, Merger Subs, Sculptor and the Operating Partnerships entered into Amendment No. 1 to the Merger Agreement (the “Amendment”).

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Rithm Capital Corp. filing history →

Source: SEC EDGAR

accession 0001140361-23-047962

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