9:46 PM Apple (AAPL) isn't illegally bundling proposals within its proxy since this only happens when proposals are combined in a way "that puts shareholders to an unfair choice," the company states in a response to David Einhorn's suit - Apple's Prop. 2 features 3 changes to the articles of incorporation, one of which mandates shareholders sign off on issuing preferred stock. Apple also accuses Einhorn of trying to coerce it into issuing preferred stock for his own benefit, and (in talks with management) of viewing shareholder approval as a "roadblock." (Einhorn's letter) (more) Read comments
AAPL price at time of publication: $467.01. Check AAPL price now »
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StockTalk on AAPL: AAPL StockTalk | Twitter AAPL | Twitter $AAPL | AAPL Instablogs
Recent Market Alerts on AAPL: All currents | Earnings | Dividends | M&A | On the move
Transcripts on AAPL
- Apple's CEO Discusses F1Q 2013 Results - Earnings Call Transcript
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