Edinburgh Worldwide Seeks to End Saba Standoff with Tender Offer

Edinburgh Worldwide seeks to end Saba standoff with tender offer

The board of Edinburgh Worldwide Investment Trust has offered shareholders an exit plan in its bid to bring an end to its 16-month battle with Saba Capital. It is proposing a tender offer for up to 100 per cent of its share capital after the Board said it had “exhausted every reasonable and ...

'End of the road' declared by Scottish company under attack from US player

A major Scottish company has declared it has 'reached the end of the road' with a US hedge fund’s 'obsession', revealing a 'regrettable but…

Edinburgh Worldwide seeks end to Saba saga by offering shareholders cash exit and SpaceX upside

Edinburgh Worldwide’s board is offering shareholders a cash exit as well as uplift from SpaceX’s anticipated IPO, following Saba Capital's activism.

‘We have reached the end of the road': Edinburgh Worldwide Trust proposes a tender offer

The £782m Edinburgh Worldwide Trust has revealed its shareholder exit plan, launching a 100% tender offer. This closes the curtain on the trust’s battle with US activist investor Saba Capital, which has made three separate attempts to oust the board. See also: ‘There isn’t any logic’: Experts react to Saba’s battle with Edinburgh Worldwide James Carthew, head of investment companies at QuotedData, said: “Edinburgh Worldwide is pressing the self-…