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Shareholders back exit from Impax Environmental Markets
20 April 2026Most shareholders in London Stock Exchange-listed Impax Environmental Markets have chosen to exit the closed-end fund following a vote designed to placate activist investor Saba Capital.
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Activist Saba rejects Impax Environmental Markets tender offer
02 March 2026US activist investor Saba Capital Management rejected a 'share tender offer' by the £982.9 million ($1.3 billion) Impax Environmental Markets (IEM) after calling for investment manager Impax Asset Management to pay costs.