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Apple Inc. Message Board

  • drshowme drshowme Feb 7, 2014 7:29 PM Flag

    Shareholders advised to reject Icahn

    *****


    SAN FRANCISCO (Reuters) - Proxy advisory firm Egan-Jones advised Apple Inc shareholders on Friday to reject activist investor Carl Icahn's demand that the iPhone maker expand its stock buyback program, a proposal that will be put to a vote this month.

    "The board and management team have demonstrated a strong commitment to returning capital to shareholders over the past two years," the firm, the smallest of the three major proxy advisory outfits, said in a report obtained by Reuters on Friday.
    *****
    My proxies already voted against.

    Sentiment: Buy

 
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