(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Friday confirmed its intention to provide exit opportunities for shareholders who wish to realise their investment following the company's annual general meeting. Read More
(Alliance News) - Impax Environmental Markets PLC on Friday advised shareholders "take no action", as it noted a meeting requisitioned on behalf of activist investor Saba Capital Management LP. Read More
(Alliance News) - Saba Capital Management LP on Monday said it would submit itself for consideration as the next investment manager of Edinburgh Worldwide Investment Trust PLC, should the trust's board be replaced at its annual meeting next week. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Monday responded to criticism from its largest shareholder, activist hedge fund Saba Capital Management LP. Read More
(Alliance News) - Activist hedge fund Saba Capital Management LP on Monday noted that fellow shareholders of Edinburgh Worldwide Investment Trust PLC had rejected what Saba called a "deeply flawed" tender offer. Read More
(Alliance News) - Halma makes a USD90 million acquisition to expand its healthcare offering, while BP enters Namibia with a stake in offshore exploration blocks, and Vistry appoints a new chief executive as part of a leadership transition. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC said it would work to implement the proposed tender offers by 30% stakeholder Saba Capital Management LP, after shareholders shot down its own offer at a general meeting on Friday. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Tuesday urged shareholders to reject directors nominated by agitator Saba Capital Management LP, ahead of a general meeting at the end of the month. Read More
(Alliance News) - Stock prices in London were lower midday on Thursday, with no clear end in sight for the war in Iran after US President Donald Trump's prime-time White House address. Read More
(Alliance News) - Three London-listed investment trusts late Wednesday upgraded the value of their holdings in SpaceX, after Elon Musk's company was reported to have filed with US regulators for a record-setting IPO. Read More
(Alliance News) - Edinburgh Worldwide Investment Trust PLC on Tuesday responded to an "enhanced liquidity proposal" from activist investor Saba Capital Management LP. Read More
(Alliance News) - Saba Capital Management LP on Monday announced an "enhanced liquidity proposal" to the shareholders of Edinburgh Worldwide Investment Trust PLC, the latest chapter in the row between the FTSE 250 investor and its largest shareholder. Read More
(Alliance News) - Herald Investment Trust PLC on Friday said it will proceed with a backstop tender offer if it cannot reach "a mutually agreeable solution" with activist investor Saba Capital Management LP. Read More
(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