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SCU BUYOUT ALERT: Kaskela Law LLC Announces Investigation of Sculptor Capital Management, Inc. (SCU) Buyout and Seeks Additional Cash for Investors
Philadelphia, Pennsylvania--(Newsfile Corp. - August 7, 2023) - Kaskela Law LLC announces that it...
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[{"type":"text","content":"SCU BUYOUT ALERT: Kaskela Law LLC Announces Investigation of Sculptor Capital Management, Inc. (SCU) Buyout and Seeks Additional Cash for InvestorsPhiladelphia, Pennsylvania--(Newsfile Corp. - August 7, 2023) - Kaskela Law LLC announces that it is investigating the proposed stockholder buyout of Sculptor Capital Management, Inc. (NYSE: SCU) (\"Sculptor\") on behalf of the company's shareholders.On July 24, 2023, Sculptor announced that it would be acquired by Rithm Capital Corp. at a price of $11.15 per share in cash. Following the closing of the proposed transaction, Sculptor shareholders will be cashed out of their investment position.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 were maintaining price targets on SCU'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.Accordingly, Kaskela Law is investigating whether Sculptor's shareholders are set to receive sufficient cash consideration for their SCU shares in the proposed buyout, and whether Sculptor's officers and/or directors breached their fiduciary duties or violated the securities laws in agreeing to sell the company to Rithm Capital Corp. at $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 email ([email protected] / [email protected]) or online at https://kaskelalaw.com/cases/sculptor-capital-management/ , for additional information about this investigation and their legal rights and options with respect to this matter.Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.CONTACT:KASKELA LAW LLCD. Seamus Kaskela, Esq.Adrienne Bell, Esq.18 Campus Blvd., Suite 100Newtown Square, PA 19073(888) 715 - 1740(484) 229 - 0750www.kaskelalaw.comTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/176369","length":3258,"tagName":"div"}]