Boaz Weinstein's Saba Capital to exit ESCT via tender offer after mutual talks

Mutual ‘standstill agreement’ during proceedings

Eve Maddock-Jones
clock • 3 min read

The European Smaller Companies trust (ESCT) has reached a deal with Saba Capital and put forward a tender offer to clients, allowing the US activist hedge fund to exit the strategy after months of discourse.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

REIT M&A continues apace with two potential deals disclosed

REIT M&A continues apace with two potential deals disclosed

PCTN and AIRE up for sale

Michael Nelson
clock 25 March 2026 • 2 min read
Chrysalis shareholders greenlight realisation policy

Chrysalis shareholders greenlight realisation policy

97.9% of votes in favour of resolutions

Linus Uhlig
clock 25 March 2026 • 2 min read
Fidelity Europe underperforms benchmark in 2025 despite European tailwinds

Fidelity Europe underperforms benchmark in 2025 despite European tailwinds

First results since HET merger

Michael Nelson
clock 18 March 2026 • 2 min read
Trustpilot