On October 27, 2023, Sculptor Capital Management Inc announced that Rithm Capital Corp. and the Company have amended the terms of their previously announced definitive merger agreement, pursuant to which Rithm will acquire the Company, which has been approved by the boards of directors of both companies, the Company Class A shareholders will receive $12.70 per share, representing an increase of 13.9% over Rithm?s original bid of $11.15 per share announced on July 24, 2023, and an aggregate transaction value of approximately $719.8 million and the transaction represents a premium of 49.4% over the unaffected November 17, 2022, closing Class A share price of $8.50. The Company added that Daniel S. Och and other former EMDs have executed a transaction support agreement under which they will vote their shares, representing an aggregate of approximately 15.2% of the outstanding voting shares, in favor of the transaction and has also agreed to dismiss their pending litigation with prejudice.

In addition, the Company stated that as noted above all closing conditions have been satisfied other than receipt of the Company stockholder approval and other customary conditions to be satisfied at the closing and the transaction is expected to close shortly after the Company stockholders? meeting that is scheduled on November 16, 2023.