ISS Recommends Voting for Apple's (AAPL) Preferred Share Elimination Proposal
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/7/2026
Go back to ISS Recommends Voting for Apple's (AAPL) Preferred Share Elimination Proposal
February 7, 2013 3:47 PM EST
Shares 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
February 7, 2013 3:01 PM EST
Amid news that David Einhorn of Greenlight Capital is urging Apple (Nasdaq: AAPL) shareholders to vote NO on proposal 2 in an effort to leave the door open to a preferred stock, massive California pension fund CalPERS is out in support of the measure.
... More
February 7, 2013 2:34 PM EST
In opposition to David Einhorn's views, CalPERS says Apple (Nasdaq: AAPL) Proposal 2 deserves shareholder support - CNBC... More
February 7, 2013 2:04 PM EST
After issuing a letter earlier today, more information is out on the chatter between Greenlight Capital's David Einhorn and Apple (Nasdaq: AAPL) over keeping preferred shares in play.
Reuters reports Thursday afternoon that Einhorn "chatted" with Apple CEO Tim Cook on... More
February 7, 2013 8:59 AM EST
On CNBC, David Einhorn believes Apple (Nasdaq: AAPL) CEO Tim Cook is doing an "excellent job."... More
February 7, 2013 8:46 AM EST
In its activist action on Apple (Nasdaq: AAPL) today, hedge fund manger David Einhorn of Greenlight Capital is recommending the creation of a high-yielding perpetual preferred stock, that would be distributed at no cost to Apple's existing shareholders.
In a letter to shareholders today, Einhorn is recommending shareholders vote AGAINST... More
February 7, 2013 8:35 AM EST
David Einhorn's Greenlight Capital, Inc. announced that it is urging fellow shareholders of Apple Inc. (Nasdaq: AAPL) to oppose the Companys attempt to amend its corporate charter. Greenlight is voting AGAINST Proposal 2 in Apples proxy, which would eliminate preferred stock from Apples charter and thus restrict the Boards ability to unlock the value on Apples balance sheet. Greenlight is asking all shareholders to also vote AGAINST Proposal 2 at the upcoming Annual Meeting of Shareholders to be held on February 27, 2013.
A shareholder since 2010, Greenlight believes Apple is a phenomenal company filled... More
