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December 5, 2013

Carl Icahn Presses for Apple Shareholder Vote on Increased Stock Buyback

by John_A

Activist investor Carl Icahn has filed paperwork to ask Apple shareholders to recommend a $50 billion share repurchase to Apple’s board of directors.
The request is what’s called a precatory proposal, meaning even if a majority of shares vote in favor, it would not be binding on…

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