M&A

Herald launches tender to offer Saba exit route, shares spark

By Frank Prenesti

Date: Friday 09 Jan 2026

(Sharecast News) - Shares in Herald Investment Trust surged on Friday after the fund unveiled a two-stage plan to enable New York activist hedge fund Saba to make a cash exit while also making sure other shareholders do not find themselves stuck in the trust if Saba eventually takes control.
Saba...

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