10.02.2014 16:20 Uhr, Quelle: iPodlounge

News: Icahn withdraws $50B Apple stock buyback proposal

Billionaire Apple investor Carl Icahn has withdrawn his proposal for Apple to buy back an additional $50 billion of its own stock. The withdrawal is in reaction to a recommendation from proxy advisory firm ISS, which recommended investors vote against Icahn’s proposal, Reuters reports. Icahn wrote on his Shareholders’ Square Table website that he was disappointed in the ISS recommendation, but “we do not altogether disagree with…

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