Ahead of Apple’s annual shareholder meeting scheduled for February 27th, David Einhorn, the CEO of hedge fund Greenlight Capital, made a presentation to Apple shareholders yesterday presenting Greenlight’s concept for Apple to issue a new series of preferred stock. We have a link to a free copy of Greenlight’s 53 page presentation at the end of this article.
Greenlight, which has been an Apple investor since 2010, is attempting to unlock Apple’s free cash which now stands at approximately $137 billion. The hedge fund is also asking that Apple investors vote against Apple’s latest proposal that would prevent the company from issuing preferred stock.
Click HERE to view the Greenlight presentation (courtesy of Business Insider).
© 2013 PEPD • Private Equity’s Leading News Magazine • 2-22-13