Kaskela Law LLC is investigating the fairness of the proposed buyout of Sculptor Capital Management, Inc. (“Sculptor”) (NYSE: SCU) shareholders by Rithm Capital Corp. (“Rithm”) at $11.15 per share.
The $11.15 per share buyout price appears to undervalue Sculptor’s shares. For example, at the time the proposed buyout was negotiated and announced, several stock analysts had maintained price targets on Sculptor’s shares well above the $11.15 per share buyout price, including Credit Suisse, who had assigned a $13.00 per share price target to the shares.
The investigation has uncovered significant potential conflicts of interest in the proposed buyout, and seeks to determine (i) whether $11.15 per share represents maximum achievable cash consideration for Sculptor’s shareholders, and (ii) whether Sculptor’s officers and/or directors breached their fiduciary duties or violated the securities laws by agreeing to sell the company to Rithm at just $11.15 per share.
Sculptor shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, for additional information about this investigation and their legal rights and options.