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European Smaller Cos Trust PLC - London-based investor in smaller European firms - Says Saba Capital Management LP has agreed to withdraw its second requisition notice to call a general meeting for 30 days. Says it has ‘engaged in constructive discussions’ with Saba. The pause will allow the two companies to enter ‘good-faith negotiations’ to find a resolution that benefits all shareholders, it says.
Current stock price: 182.70 pence, up 0.3%
12-month change: up 15%
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