GRX: Another Potential Activist Target
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Gabelli Healthcare & Wellness Trust (GRX) is a closed-end fund with a significant discount and has underperformed its peers. Saba Capital Management has increased its stake in GRX, potentially making it an activist target. Possible actions include distribution increases, tender offers, or mergers.
November 11, 2024 | 4:15 pm
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Gabelli Healthcare & Wellness Trust (GRX) is trading at a significant discount and has underperformed its peers. Saba Capital Management's increased stake could lead to activist actions such as distribution increases, tender offers, or mergers.
The increase in Saba Capital Management's stake in GRX suggests potential activist involvement. This could lead to actions aimed at closing the discount gap, such as distribution increases, tender offers, or mergers, which are typically positive for the stock price.
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