James Carthew comments on Saba’s latest announcement in Linus Uhlig’s article:
“We are as confused as everyone else about the new Saba announcement. The board told us ‘it appears from an analysis of the elections that Saba has elected to tender the majority, if not all, of its position’. Today, Saba says it has a 29.9% stake – more than it had before the tender – but, it appears to be saying so by press release rather than a notification to the market as it would be required to do.”
Read the article here