In a remarkable twist of corporate fate, Rithm Capital Corp., a titan in real estate and financial services, and Sculptor Capital Management Inc., a master in alternative asset management, have successfully sealed their colossal $720 million merger. This pivotal moment, announced last Friday, marked the culmination of a complex saga that began in the heated corridors of the Delaware Chancery Court.
Rithm and Sculptor $720M Merger : A Financial Masterstroke
Originally heralded in July, this strategic alliance saw Rithm acquiring Sculptor at an impressive $12.70 per share, valuing the deal at a near astronomical $719.8 million. With the ink now dry, Sculptor is set to transition into a privately-held fortress under Rithm’s banner.
Jimmy Levin, the strategic maestro and chief investment officer at Sculptor, expressed exhilaration over the merger. “Joining forces with Rithm,” Levin stated, “heralds a new era of prosperity and success, energizing our mission to generate stellar returns for our investors.”
