The board said in a statement on Dec 17 that it would “strongly urge” shareholders to vote against Saba’s proposed resolutions and said the company has made “strong progress”.
(Dec 30): Boaz Weinstein’s Saba Capital Management pressed investors in a London-listed fund run by Baillie Gifford to oust board members, putting more pressure on shareholders ahead of a January vote.
Saba released a presentation Monday (Dec 29) detailing its opposition to a proposed merger between Edinburgh Worldwide Investment Trust plc and Baillie Gifford US Growth Trust plc, criticising the sale of some SpaceX shares “at a price massively lower than SpaceX’s reported US$1.5 trillion (RM6.08 trillion) IPO valuation.”
