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November 6, 2017 05:20 pm GMT
Apple just started selling new bonds in order to finance a share buyback program and dividends for shareholders, as Bloomberg spotted in a filing. This is counterintuitive as Apple is sitting on a big pile of cash and probably doesn’t need to issue bonds. But most of the company’s cash is outside of the U.S. During Apple’s fourth-quarter earnings call, the company said that… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/iDAtMgOqd3Q/
Apple offers more bonds to finance its $300 billion capital return program
Apple just started selling new bonds in order to finance a share buyback program and dividends for shareholders, as Bloomberg spotted in a filing. This is counterintuitive as Apple is sitting on a big pile of cash and probably doesn’t need to issue bonds. But most of the company’s cash is outside of the U.S. During Apple’s fourth-quarter earnings call, the company said that… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/iDAtMgOqd3Q/
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