U.S. Judge grants Greenlight's motion in Apple (AAPL) case
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Go back to U.S. Judge grants Greenlight's motion in Apple (AAPL) case
February 22, 2013 6:05 PM EST
David Einhorn's Greenlight Capital was handed a meaningful victory Friday in its corporate governance fight against Apple Inc. (Nasdaq: AAPL). A federal judge sided with the hedge fund manger which will prevent the company from putting a proposal to eliminate preferred stock to a vote - Proposal... More
February 21, 2013 3:59 PM EST
(Updated - February 21, 2013 5:54 PM EST)
David Einhorn of Greenlight Capital took his case on Apple (NASDAQ: AAPL) directly to shareholders Thursday, suggesting the iPhone maker could unlock billions of dollars of shareholder value by issuing a new perpetual preferred stock he coined 'iPrefs.'
Einhorn first discussed this novel ideal earlier in the month, which triggered a direct response from Apple saying they would review the idea. Since that time, critics have come out against Einhorn's plan, calling it 'complicated.' Many say Apple should just focus on share repurchases or... More
