James Carthew comments on Saba and IEM in Tara O’Connor’s article: “Maybe it is time to move onto the next phase of this saga. One where a new set of supposedly independent directors are forced to justify their actions and face potential legal repercussions if they don’t act in all shareholders’ best interests.” Read the […]
James Carthew comments on Saba pushing for the IEM board to resign in Patrick Sanders’ article: “Maybe it’s time to move onto the next phase of the saga”, he added. “One where a new set of supposedly independent directors are forced to justify their actions and face potential legal repercussions if they don’t act in […]
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 […]
Matthew Read comments on EWIT board challenges in Linus Uhlig’s article: “It is clear that the board has been placed in an exceptionally difficult position: trying to act for all shareholders while a significant minority investor seeks to railroad others and impose its own agenda in what looks like an attempt to gather assets under […]
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 […]
Matthew Read comments on the IEM tender in Linus Uhlig’s article: “Viewed one way, this whole saga looks like a futile exercise. 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 […]
James Carthew comments on IEM’s tender and low turnout in Linus Uhlig’s article: “It feels inevitable to us that there will be some shares that were not tendered and the fate of those shareholders and the rump trust is, as yet, unknown. Will Saba have retained a big enough stake to control its future?” Read […]