(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Monday recommended that its shareholders vote in favour of the tender offer it is proposing to "protect" their investments, amid the clash between the board and activist investor Saba Capital Management LP. Read More
(Correcting that Saba rejected EWIT's merger proposal with Baillie Gifford US Growth Trust, and not the contrary) Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Tuesday announced it is urging shareholders to vote for a proposal to implement a 100% tender offer, saying that Saba Capital Management LP left it no alternative. Read More
(Alliance News) - Stock prices in London opened sharply higher on Tuesday, as a pullback in oil and gas prices sparked a relief rally across UK and European equities and bonds, easing inflation fears and prompting traders to unwind hawkish central bank bets. Read More
(Alliance News) - Persimmon reports higher annual profit and completions, Shell agrees to sell its US Jiffy Lube business for USD1.3 billion, and Edinburgh Worldwide Investment Trust proposes a tender offer for up to 100% of its share capital as it seeks to end a prolonged dispute with activist investor Saba Capital. Read More
(Alliance News) - The Association of Investment Companies on Friday called on Saba Capital to do "the decent thing" and accept Impax Environment Market's tender offer following the public fallout between the American hedge fund and the investment trust. Read More
(Alliance News) - Saba Capital Management LP on Thursday recommended the option of "a full cash exit" for shareholders of Edingburgh Worldwide Investment Trust PLC. Read More
(Corrected to clarify that Saba's claim regarding HomeServe is that EWI did not properly disclose the FCA's 2014 fine and criticism of HomeServe's board and management. Also corrects the total fine amount to GBP30.6 million.) Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Wednesday warned against the latest attempt at a board overhaul by activist investor Saba Capital Management LP, the trust's largest shareholder. Read More
(Alliance News) - Barratt Redrow reports higher statutory interim profit and maintains full-year guidance, Severn Trent says trading is in line with expectations as it eyes record capital investment, and Edinburgh Worldwide Investment Trust urges shareholders to take no action after Saba Capital proposes new AGM resolutions. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Tuesday said activist investor Saba Capital Management LP is "choosing not to listen" after it made another call for a shake-up of the Scottish firm's board. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Tuesday faced fresh proposals from Saba Capital Management LP, as the activist investor made another call for a shake-up of the Scottish firm's board. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC said none of the resolutions proposed by Saba Capital Management LP were passed at Tuesday's general meeting. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Monday said it was excited by the opportunity ahead as it outperformed its comparative index and urged shareholders to vote against resolutions at an upcoming requisitioned general meeting. Read More
(Alliance News) - Saba Capital Management LP on Monday reiterated that it wants to remove six directors of Edinburgh Worldwide Investment Trust PLC at an upcoming general meeting. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Friday noted an independent adviser's recommendations for its requisitioned general meeting. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Wednesday called for shareholders to vote against Saba Capital Management LP's attempts to replace multiple directors, ahead of its requisitioned general meeting on January 20. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Tuesday demanded clarity from Saba Capital Management LP, in response to the agitator's latest push for a board shakeup. Read More
(Alliance News) - Ocado says it can bring its "technology offering back to market" as exclusivity deals end, while Edinburgh Worldwide Investment Trust has hit out at Saba Capital again. Read More
(Alliance News) - Saba Capital Management LP on Monday again called for shareholders of Edinburgh Worldwide Investment Trust PLC to vote in favour of its resolutions ahead of its requisitioned general meeting. Read More