Following an announcement from Herald Investment Trust (HRI) earlier today, Aberdeen Investments is proposed to be appointed as investment manager to the Investment Trust, which is part of a broader deal that would see Herald Investment Management, with its c£1.6bn of AuM under Aberdeen’s management. Additionally, HRI has announced a proposed tender offer for up to 66% of its issued share capital that will allow its largest shareholder, Saba, an exit close to NAV. As part of this agreement, Saba ....
