{"id":27213,"date":"2026-03-10T08:36:25","date_gmt":"2026-03-10T08:36:25","guid":{"rendered":"https:\/\/microvibenews.com\/?p=27213"},"modified":"2026-03-10T08:36:25","modified_gmt":"2026-03-10T08:36:25","slug":"edinburgh-worldwide-proposes-offer-to-beat-saba-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=27213","title":{"rendered":"Edinburgh Worldwide proposes offer to beat Saba \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/01\/Jonathan-Simpson-Dent-after-EWIT-meeting.png\" alt=\"Jonathan Simpson-Dent after EWIT meeting\" class=\"wp-image-188655 lazyload\" style=\"width:831px;height:auto\"\/><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" width=\"794\" height=\"578\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/01\/Jonathan-Simpson-Dent-after-EWIT-meeting.png\" alt=\"Jonathan Simpson-Dent after EWIT meeting\" class=\"wp-image-188655 lazyload\" style=\"width:831px;height:auto\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/01\/Jonathan-Simpson-Dent-after-EWIT-meeting.png 794w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/01\/Jonathan-Simpson-Dent-after-EWIT-meeting-300x218.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/01\/Jonathan-Simpson-Dent-after-EWIT-meeting-768x559.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2026\/01\/Jonathan-Simpson-Dent-after-EWIT-meeting-600x437.png 600w\" sizes=\"(max-width: 794px) 100vw, 794px\"\/><figcaption class=\"wp-element-caption\"><em>Jonathan Simpson-Dent chairs the trust (pic: Terry Murden \/ DB Media Services)<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size\">The board of Edinburgh Worldwide Investment Trust intends giving its shareholders an exit plan as part of its defence against constant attacks from a New York hedge fund.<\/p>\n<p class=\"has-medium-font-size\">It is proposing a tender offer for up to 100% of its share capital as the board says it has \u201cexhausted every reasonable and equitable solution with Saba\u201d.<\/p>\n<p class=\"has-medium-font-size\">It adds that Saba\u2019s \u201ccontinued campaign leaves it with no alternative but to propose a Tender Offer to enable eligible shareholders to elect for a significant return of capital.<\/p>\n<p class=\"has-medium-font-size\">The offer would enable shareholders to retain potential upside from Elon Musk\u2019 SpaceX. <\/p>\n<p class=\"has-medium-font-size\">\u201cThis is a key differentiator to Saba\u2019s recent proposal, which would force shareholders to either give up SpaceX or become trapped in a Saba-controlled vehicle,\u201d it says.<\/p>\n<p class=\"has-medium-font-size\">Shareholders are urged to support the Tender Offer \u201cto secure a definitive and fair exit opportunity and bring closure to the uncertainty caused by Saba\u201d.<\/p>\n<p class=\"has-medium-font-size\">The Tender Offer requires approval from a simple majority of votes cast (50%) and can therefore proceed independent of Saba\u2019s support. A circular detailing the proposal for the Tender Offer will be published in due course.<\/p>\n<p><!-- Simple Share Buttons Adder (8.5.3) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Edinburgh #Worldwide #proposes #offer #beat #Saba #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jonathan Simpson-Dent chairs t&hellip; <\/p>\n","protected":false},"author":1,"featured_media":14010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[1430,266,265,8848,4373,1157,9100,4376,1160],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/27213"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27213"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/27213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/14010"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}