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Investment trust urges ministers to overhaul rules amid Saba ‘threat’
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City AM
Investment trust urges ministers to overhaul rules amid Saba ‘threat’
An investment trust which holds shares in SpaceX has urged the City minister to overhaul the rule book to stop the “threat” of a notorious US activist hedge fund. Tom Burnet, chair of the Baillie Gifford US Growth Trust, has written to City minister Lucy Rigby as well as Scottish secretary Douglas Alexander to plead [...]
8 Oct, 04:00
Sky Business
SpaceX-backer urges ministers to overhaul rules amid Saba raid
An investment trust which holds shares in Elon Musk's SpaceX and which is under siege from an American activist is urging ministers to plead for an overhaul of the City rulebook amid a deluge of campaigns to unseat boards.
7 Oct, 14:56
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