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PR Newswire
08-02-2013, 08:33 AM
Good news to shareholders? The management has no good reason to say no to the request IMO
Bruised Apple could return cash to stockholders
SAN FRANCISCO — Apple’s board and management are actively discussing the return of more cash to shareholders and considering a proposal that it issue preferred stock.
Apple shares jumped 3 per cent after the world’s most valuable technology company responded to a call by activist investor David Einhorn (picture) of Greenlight Capital for the iPhone-maker to return more of its US$137.1 billion (S$170 billion) in cash. He had also urged shareholders to vote against a proposal by the company to eliminate preferred stock without investors’ approval.
http://www.todayonline.com/tech/bruised-...ockholders
Bruised Apple could return cash to stockholders
SAN FRANCISCO — Apple’s board and management are actively discussing the return of more cash to shareholders and considering a proposal that it issue preferred stock.
Apple shares jumped 3 per cent after the world’s most valuable technology company responded to a call by activist investor David Einhorn (picture) of Greenlight Capital for the iPhone-maker to return more of its US$137.1 billion (S$170 billion) in cash. He had also urged shareholders to vote against a proposal by the company to eliminate preferred stock without investors’ approval.
http://www.todayonline.com/tech/bruised-...ockholders
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