Apple (AAPL) Issues Statement on Cash
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Apple (AAPL) Gets Einhorn Suit Moved Up to Avoid Any 'Distractions' Into Shareholder Meeting
February 11, 2013 4:41 PM ESTScore one for Apple.
According to reports out Monday night, Apple (Nasdaq: AAPL) won a call from U.S. District Judge Richard Sullivan of the Southern District of New York to move the lawsuit filed by Greenlight Capital's David Einhorn up a... More
Apple (AAPL) Shareholder Activism Highlights Capital Allocation, But Prefers Traditional Buyback/Dividend - Goldman
February 8, 2013 8:24 AM ESTYesterday, Greenlight Capital founder David Einhorn made waves on Apple (NASDAQ: AAPL) after disclosing he has proposed to the company the issuance of a preferred stock in an effort to unlock shareholder value. Mr. Einhorn took his case public and urged shareholders to vote NO on proposal 2 which seeks to eliminate the company's ability to issue preferred stock. Later in the day, the company issued a statement pledging to "thoroughly evaluate" Greenlight Capital's proposal and... More
Apple (AAPL) Ramps after Statement on Cash
February 7, 2013 3:47 PM ESTShares of Apple, Inc. (NASDAQ: AAPL) ramped higher mid-day after the company addressed its cash hoard, saying it will thoroughly evaluate Greenlight Capitals current proposal to issue some form of preferred stock. The company said it remains committed to having an ongoing dialogue with... More
