![]() ![]() The accusations are “baseless,” Sculptor’s special board committee handling the sale wrote in a statement, vowing to fight Och’s lawsuit. The suit was filed in Delaware Chancery Court. Sculptor directors backing Levin have made it clear that “they favor only one result - the preservation of management’s jobs and compensation, at the expense of shareholder value,” Och said. Weinstein’s group, which includes billionaires Jeff Yass, Marc Lasry and Bill Ackman, has offered to pay $13 a share for Sculptor, which last week accepted Rithm’s $12 bid. Och, who left New York-based Sculptor in 2019, said Tuesday in a statement that he wants a Delaware judge to halt the buyout until a rival group led by Saba Capital Management’s Boaz Weinstein is able to present its higher bid to shareholders. sued the hedge fund and proposed acquirer Rithm Capital Corp., saying the $676 million deal would shortchange investors in favor of protecting Sculptor Chief Executive Officer Jimmy Levin’s job. (Bloomberg) - Dan Och and a group of former executives of Sculptor Capital Management Inc.
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