Saturday, 30 August 2014
Last updated 16 hours ago
Mar 4 2013 | 2:53pm ET
Having forced Apple Inc. to drop a proxy proposal it opposed, Greenlight Capital is laying down its arms.
The hedge fund last week dropped its lawsuit against the company, following Apple's annual shareholder meeting. "Apple removed the bundled proposal from the shareholder meeting, therefore resolving the issue," a Greenlight spokesman said.
Greenlight had sued Apple to prevent a vote on a proposal that would have required shareholder approval for issuance of preferred shares; the hedge fund, which opposed the proposal, argued that Apple had improperly bundled it with two other corporate governance matters, and a federal judge agreed last month. Apple held its annual meeting on Wednesday.
Greenlight wants Apple to issue preferred shares as a way of returning some of its $137 billion cash horde to investors.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...