Baillie Gifford says it offered to buy out Saba but was rejected
opalesque
2 weeks ago
17 views
Baillie Gifford's US Growth Trust says it previously offered activist investor Saba Capital a tender offer at 99.75% of net asset value, open to all shareholders, but Saba rejected it. Boaz Weinstein's Saba, which owns about 29% of the trust, is now seeking to install three directors, while the trus...
Continue Reading
Sign up for FREE to read the full article and access 158K+ alternative investment headlines.