Rithm Capital Corp. (NYSE: RITM; Rithm) and Sculptor Capital Management Inc. (Sculptor) have announced that they have completed the previously announced acquisition by Rithm of Sculptor for US$12.70 per Class A share in a transaction valued at approximately US$719.8 million. In connection with the completion of the transaction, Sculptor’s common stock will cease trading on the New York Stock Exchange and will be delisted.

Latham & Watkins LLP represented the Special Committee of the Board of Directors of Sculptor Capital Management with a corporate deal team led by New York partners Alex Kelly, Leah Sauter, and Peter Harwich, with associates Kyle Adams, Josh Barkow, and Shanta Chirravuri, and a litigation team led by New York partners James Brandt and Blair Connelly, San Diego partner Colleen Smith, and New York counsels Thomas Giblin and Zachary Rowen, with associates Abhinaya Swaminathan, Melange Gavin, Tyler Halloran, Ryan Jones, and Zijun Zhao.