The £429m Securities Trust of Scotland (STS) is to be restructured and shareholders offered the chan...
The £429m Securities Trust of Scotland (STS) is to be restructured and shareholders offered the chance to move to the Lowland Investment company under an offer by the board. The trust's board is making a counter offer to the hostile share buyout launched by the Perpetual Income and Growth Trust (Pigit) earlier this month. Shareholders will automatically have their stock transferred to a new Securities Trust unless they request to swap their shares for a stake in the Lowland Investment Trust or opt for cash. Ross Watson will manage the new company. He joined the trust's manger Martin Curr...
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