secwatch.observer — SEC 8-K summary
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Issuer:     Sculptor Capital Management, Inc. (—)
CIK:        0001403256
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001193125-23-191866
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sculptor Capital to be acquired by Rithm Capital for $11.15 per share in cash
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- Merger consideration: $11.15 per share in cash for Sculptor Class A common stock.
- Required approvals include stockholder vote, HSR, UK FCA, Hong Kong SFC, and 85% client consent.
- Termination fee of $16.58M payable by Sculptor under certain circumstances, plus expense reimbursement up to $5.1M.
- Rollover option for LP unit holders; condition requires at least 50% participation by LP Class A/A-1 holders.
- Rithm to establish $35M retention program and LTIP pool of 20% of growth above 8% IRR hurdle for Sculptor leaders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403256/000119312523191866/0001193125-23-191866-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403256/000119312523191866/d456371d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-191866

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