Embattled Impax Environmental Markets (IEM) is set to fold after its battle with US activist Saba took a troubling turn for the investment trust sector. Boaz Weinstein-led Saba threw the £840 million trust’s future into question by refusing to sell its 21% stake in a continuation tender offer. Share price: 448p (+1.6%) Total assets: £985m … Continue reading Impax Environmental triggers exit tender offer