U.S. Markets open in 1 hr 18 mins
  • S&P Futures

    4,297.75
    -10.00 (-0.23%)
     
  • Dow Futures

    34,065.00
    -53.00 (-0.16%)
     
  • Nasdaq Futures

    13,603.50
    -54.75 (-0.40%)
     
  • Russell 2000 Futures

    2,019.50
    -3.80 (-0.19%)
     
  • Crude Oil

    86.64
    +0.11 (+0.13%)
     
  • Gold

    1,788.70
    -1.00 (-0.06%)
     
  • Silver

    20.00
    -0.09 (-0.45%)
     
  • EUR/USD

    1.0168
    -0.0003 (-0.0305%)
     
  • 10-Yr Bond

    2.8240
    0.0000 (0.00%)
     
  • Vix

    19.82
    -0.13 (-0.65%)
     
  • GBP/USD

    1.2096
    +0.0001 (+0.0109%)
     
  • USD/JPY

    134.8020
    +0.5870 (+0.4374%)
     
  • BTC-USD

    23,750.29
    -299.51 (-1.25%)
     
  • CMC Crypto 200

    565.58
    -6.34 (-1.11%)
     
  • FTSE 100

    7,540.93
    +4.87 (+0.06%)
     
  • Nikkei 225

    29,222.77
    +353.86 (+1.23%)
     

Taiwan-based Apple supplier challenged by investor over $4 billion cash pile- FT

  • Oops!
    Something went wrong.
    Please try again later.
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

(Reuters) - Catcher Technology Co Ltd, an Apple supplier based in Taiwan, is being challenged by a Hong Kong-based investment firm Argyle Street Management to improve its governance and return some of its $4.2 billion of net cash to shareholders, the Financial Times reported https://www.ft.com/content/cc440b45-2440-4021-9d83-e010dc9709d4 on Saturday citing people familiar with discussions.

Argyle holds about 1% of Catcher's shares, the FT report added.

(Reporting by Akanksha Khushi in Bengaluru; Editing by Lisa Shumaker)