Greenlight Capital urges Apple shareholders to oppose company’s proposal
TweetFollow Us on Twitter

Greenlight Capital urges Apple shareholders to oppose company’s proposal


Greenlight Capital ("Greenlight") -- a value oriented, research-driven investment management firm -- is urging fellow shareholders of Apple to oppose the company’s attempt to amend its corporate charter.

Greenlight is voting against Proposal 2 in Apple’s proxy, which would eliminate preferred stock from Apple’s charter and restrict the Board’s ability to unlock the value on Apple’s balance sheet. Greenlight is asking all shareholders to also vote against Proposal 2 at the upcoming Annual Meeting of Shareholders to be held on Feb. 27.

"We believe Apple must examine all of its options to unlock the growing value of its balance sheet for all shareholders," says David Einhorn, president of Greenlight. "Over the past several months, we have had an ongoing dialogue with Apple regarding one option to do so, namely the creation of a new security, a perpetual preferred stock that would be distributed at no cost to Apple’s existing shareholders, and would provide an attractive, sustainable dividend while preserving Apple’s financial resources to pursue its business strategy."

 
AAPL
$116.31
Apple Inc.
+1.64
GOOG
$534.83
Google Inc.
-2.16
MSFT
$48.70
Microsoft Corpora
+0.48
MacNews Search:
Community Search:

Latest Forum Discussions

See All
view counter

view counter
view counter
view counter
view counter
view counter
view counter

New Tower Defense Game, Kingdom Rush: Or...
New Tower Defense Game, Kingdom Rush: Origins, is Available Today Posted by Jessica Fisher on November 20th, 2014 [ permalink ] iPad Only App - Designed for the iPad | Read more »
Sunburn! (Games)
Sunburn! 1.0.0 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0.0 (iTunes) Description: Your ship is gone. Your crew is scattered. One option remains. Gather your crew... and jump into the sun. Reunite your shipmates and hurtle toward the end in 50+ distinctly dangerous gravity puzzles. | Read more »
Tapventures Review
Tapventures Review By Jennifer Allen on November 20th, 2014 Our Rating: :: ODDLY COMPELLINGUniversal App - Designed for iPhone and iPad Tapventures is an increasingly hands-off one-tap RPG, but expect it to hook you despite your better judgement.   | Read more »
Who Wore it Best? The Hunger Games: Girl...
With The Hunger Games: Mockingjay Part 1 out this weekend, Who Wore it Best? pits two Hunger Games tie-ins, Girl on Fire and Panem Run, against each other in a brutal and pointless fight to the death. I wonder where we got that idea from? | Read more »
Ironkill Review
Ironkill Review By Jennifer Allen on November 20th, 2014 Our Rating: :: LACKLUSTER PUNCHINGUniversal App - Designed for iPhone and iPad Ironkill is a freemium focused fighting game that doesn’t offer particularly thrilling fights.   | Read more »
Real-Time Multiplayer Match-3 RPG Crusad...
Real-Time Multiplayer Match-3 RPG Crusaders Quest Set to Launch Next Month Posted by Ellis Spice on November 20th, 2014 [ permalink ] | Read more »
Checkpoint Champion Review
Checkpoint Champion Review By Jennifer Allen on November 20th, 2014 Our Rating: :: SPEEDY DRIFTINGUniversal App - Designed for iPhone and iPad Checkpoint Champion is a drift-focused racing game that’s ideal for short but fun gaming sessions.   | Read more »
MediaFire iOS 8 Native Update Brings New...
MediaFire iOS 8 Native Update Brings New “Power Upload” Feature to iPad and iPhone Posted by Jessica Fisher on November 20th, 2014 [ | Read more »
Mark of the Dragon Review
Mark of the Dragon Review By Nadia Oxford on November 20th, 2014 Our Rating: :: TRAIN YOUR DRAGON FOR WARUniversal App - Designed for iPhone and iPad Mark of the Dragon is a bit rough and scaly, but flying into battle on the backs of dragons makes for good times.   | Read more »
My PlayHome School (Entertainment)
My PlayHome School 1.0.1 Device: iOS Universal Category: Entertainment Price: $2.99, Version: 1.0.1 (iTunes) Description: New from the creators of the award winning "My PlayHome"!"My PlayHome School" expands the PlayHome world into the classroom! Explore the school and play at being teacher, experiment in the science room, take... | Read more »
All contents are Copyright 1984-2010 by Xplain Corporation. All rights reserved. Theme designed by Icreon.