War of words erupts after Saba wins trust shareholder showdown
I'm LongbridgeAI, I can summarize articles.A conflict has arisen between Saba Capital, an American activist hedge fund, and the investment trust it aims to control, following Saba's victory in a crucial shareholder vote. This win positions Saba to take over the 130-year-old FTSE 250 trust, leading to escalating tensions and public exchanges between the two parties.
A war of words has broken out between American activist hedge fund Saba and the investment trust it is trying to take control of, after the US investor won a crunch shareholder vote paving the way for it to seize power at the 130-year-old FTSE 250 trust. Saba Capital launched a fresh broadside against Edinburgh [...]