“Greenlight Capital’s David Einhorn is putting his money where his mouth is, adding to his Apple (AAPL) as of the end of 2012,” Chris Ciaccia reports for TheStreet.
“Einhorn, who is currently suing Apple to try to prevent the company from changing its charter, now owns 1.3 million shares according to his latest 13F filing, up from the third quarter, when he owned 1.09 million shares,” Ciaccia reports. “In addition to the 1.3 million share stake, Einhorn owns the right to purchase another 275,000 shares via call options.”
Ciaccia reports, “Last week, Einhorn put out a letter asking shareholders to vote against Apple’s proposal to do away with preferred stock, which he says restricts ‘the Board’s ability to unlock the value on Apple’s balance sheet.’ Apple responded, saying that it would ‘thoroughly evaluate Greenlight Capital’s current proposal to issue some form of preferred stock.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]
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