Matthew Read comments on Saba and the IEM tender in Patrick Sanders’ article:
“Saba forced through its agenda by overriding the wishes of independent shareholders in what appeared to be a scramble to corral assets under management, only to throw in the towel at the final hurdle by tendering the bulk – if not all – of its own holding.”
James Carthew comments on measures to prevent “one or two large shareholders from forcing through their agenda against the wishes of the majority of investors,”
Read the article here