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Title: A Bond Sale Today Keeps Apple's Taxman Away Post by: HCK on May 01, 2013, 03:01:19 pm A Bond Sale Today Keeps Apple's Taxman Away
A week after announcing its first drop in quarterly earnings in a decade, Apple is selling $17 billion in bonds to fund a $100 billion buyback program for its stakeholders. The sale will be the largest non-bank bond deal ever. The move was somewhat unexpected coming from a company with an infamous $145 billion in cash on hand and no debt, a rarity among tech companies. http://www.macnewsworld.com/rsstory/77927.html |