Apple Says It Will Fight Greenlight’s Bid to Block Vote
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Apple Inc. said it will fight Greenlight Capital Inc.’s bid to bar it from adopting a measure that would restrict its ability to issue preferred stock.
The maker of iPhones and MacBooks filed a response yesterday in U.S. District Court in New York to Greenlight’s request to block a shareholder vote on the matter. The hedge fund sued Apple Feb. 7 seeking an injunction.