Icahn se rinde

Carl iCahn ha decidido abandonar su camapaña para forzar a Apple a que compre hasta 50.000 millones de dólares de sus propias acciones. En una carta publicada ayer, el inversor cita la reciente recompra por valor de 14.000 millones de dólares en acciones como la razón para el abandono de su solicitud, que había sido rechazada por otros accionistas.

Icahn dijo el lunes en una carta a los accionistas publicada en su sitio web que había decidido retirar la propuesta “especialmente cuando la compañía ya está tan cerca de cumplir con nuestra meta solicitada de recompra”.

La decisión de Icahn de abandonar ésta solicitud llega un día depués de que la empresa Institutional Shareholder Services recomendara a los accionistad e Apple que votaran en contra de esta petición durante la reunión general de accionistasque tendrá lugar el 28 de febrero. Icahn, que es el propietario de aproximadamente 4.000 millones de dólares en acciones de Apple, ha estado intentando empujar a Apple para que amplíe y acelere el programa de recompra de acciones para aumentar el dividendo que recibirían los accionistas. Apple no ha hecho comentarios al respecto de la retirada de la solicitud de Icahn, cuya carta reproducimos a continuación:

Dear Fellow Apple Shareholders,

While we are disappointed that last night ISS recommended against our proposal, we do not altogether disagree with their assessment and recommendation in light of recent actions taken by the company to aggressively repurchase shares in the market.

In their recommendation, ISS points out, and we agree, that “on the spectrum of options for allocating capital, the board appears to have been sluggish only in returning excess cash to shareholders,” and even though the company has in place “one of the largest buybacks in history” we agree with ISS that this effort seems “like bailing with a leaky bucket” when “given the scale of the company’s cash reserves.”

That being said, we also agree with ISS’s observation, taking into account that the company recently repurchased in “two weeks alone” $14 billion worth in shares, that “for fiscal 2014, it appears on track to repurchase at least $32 billion in shares.” Our proposal, as ISS points out, “thus effectively only asks the board to spend another $18 billion on repurchases in the current year.”

As Tim Cook describes them, these recent actions taken by the company to repurchase shares have been both “opportunistic” and “aggressive” and we are supportive. In light of these actions, and ISS’s recommendation, we see no reason to persist with our non-binding proposal, especially when the company is already so close to fulfilling our requested repurchase target.

Furthermore, in light of Tim Cook’s confirmed plan to launch new products in new categories this year (in addition to an exciting product roadmap with respect to new products in existing categories), we are extremely excited about Apple’s future. Additionally, we are pleased that Tim and the board have exhibited the “opportunistic” and “aggressive” approach to share repurchases that we hoped to instill with our proposal. It is our expectation that Tim and the board continue to exhibit this behavior as fiduciaries to the shareholders since they clearly seem to agree that our company continues to be extremely undervalued, and we all share a common optimism with respect to the company’s bright long term future.

Sincerely yours,

Carl C. Icahn

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Alquimista
Alquimista
10 years ago

Los tiburones nunca se rinden, simplemente buscará un frente más débil.

wenmusic
10 years ago

#1 jeje Ahi le has dado…

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