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Henderson Opportunities and CQS shareholders brush Saba aside as they vote against US hedge fund's takeover
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investmentweek.co.ukIn the fourth and fifth votes of the ‘Saba seven' today (4 February), the US group saw 65.36% of the total votes cast against the resolutions in the HOT meeting, while CQS saw a 68% turnout, with over 59% of votes cast against Saba's requisitioned resolutions. Excluding the votes cast by Saba in favour of the resolutions, just 0.98% of HOT shareholders who turned out voted with the activist hedge fund, representing 0.72% of the company's total voting rights. Saba Capital defeated at Baillie Gifford US Growth and Keystone meetings Wendy Colquhoun, chair of HOT, said: «The result to...
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