BlackRock Inc. has declared victory in its months-long proxy battle against Boaz Weinstein’s Saba Capital Management. The conflict, which revolved around board seats at six of BlackRock's closed-end funds, saw shareholders vote to retain the asset manager's directors. Despite Saba's efforts to replace directors and fire the fund manager, they did not secure enough votes. The court rulings have indicated that the war between BlackRock and Saba will continue, but for now, BlackRock has successfully maintained its board positions. Data released by BlackRock on Tuesday confirmed the shareholder vote results.
BlackRock declared victory in its months-long proxy battle with Boaz Weinstein’s Saba Capital Management https://t.co/EwZzHe1W9V
BlackRock declared victory in its months-long proxy battle with Boaz Weinstein’s Saba Capital Management https://t.co/gfoRHk2WAC
BlackRock declared victory in its months-long proxy battle with Boaz Weinstein’s Saba Capital Management https://t.co/4HYtzgBbjL
BlackRock shareholders vote to keep company directors in place in fight with Saba https://t.co/jrXKu4Ggzg https://t.co/yuMMHo1T9w
🔵 BLACKROCK SHAREHOLDERS VOTE TO KEEP COMPANY DIRECTORS IN PLACE IN FIGHT WITH SABA BlackRock won a fight with hedge fund manager Boaz Weinstein this week when shareholders voted at four of its closed-end funds to keep the asset manager's directors in place and retain it as… https://t.co/f6WW0OVxof
$BLK: BlackRock Inc: The company held onto board seats at six closed end funds last week after investment firm Saba Capital Management did not secure enough votes to replace directors or fire the fund manager, according to data released by BlackRock on Tuesday. Saba wants…
War between BlackRock and hedge fund Saba will continue after latest court rulings https://t.co/ovsFSV7Qcf https://t.co/m9louIiPSm