ISS Recommends Voting for Apple's (AAPL) Preferred Share Elimination Proposal
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Price: $169.29 +0.16%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: -0.7%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
EPS Growth %: -0.7%
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ISS said it recommends Apple's (Nasdaq: AAPL) plan to eliminate "blank check" preferred shares. The firm said the preferred shares can be "misused" in takeover defense and recommends voting for the proposal.
NOTE: Earlier in the week, Greenlight Capital's David Einhorn urged to vote against the proposal.
NOTE: Earlier in the week, Greenlight Capital's David Einhorn urged to vote against the proposal.
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