Impax Environmental Markets is being taken over after its largest shareholder, Saba Capital, moves to seize control of the investment trust, according to the reports. The accounts say Saba Capital is led by fund manager Boaz Weinstein. One report characterizes the takeover as involving a “US raider,” and another focuses on criticism directed at the UK’s financial watchdog. The criticism is aimed at the regulator for allowing the takeover to proceed. While the reports describe the dispute and the parties involved, they do not provide additional, verifiable details such as the precise legal steps taken, the size or terms of the acquisition, or the regulator’s stated reasoning. The coverage therefore centers on the change in control at Impax Environmental Markets and on public reaction from within the trust’s leadership toward the regulator’s approval of the process. The reports consistently identify Saba Capital and Boaz Weinstein as key actors in the takeover.