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Reuters reported on Wednesday that Apple Inc. (NASDAQ: AAPL) is believed to be planning a $1 billion bond issue in Taiwan for the first ever in the country.
Wall Street Journal reported on Thursday the company is looking to expand its bond issuance in the region and plans to raise $3 billion to $4 billion in Taiwan and Australia. The publication, citing "a person with knowledge of the plans," noted that Apple will continue using the proceeds from debt offers to fund its stock buyback program and dividends rather than repatriating its offshore cash which is subject to taxes.
Related Link: Why Is Apple Raising $1 Billion Through A Bond Raise In Taiwan?
Apple recently committed to returning $250 billion to shareholders through March 2018, representing an uptick from its prior pledge in which the company said it will return $200 billion by March 2017 through dividends and share buybacks.
Best High Tech Stocks To Watch For 2018: EchoStar Corporation(SATS)
- [By Shanthi Rexaline]
Incidentally, Facebook has secured shareholder approval for issuing Class C share at its shareholder meeting in June 2016, although it is yet to issue the shares.
Other Companies With Dual-class Voting Shares
Berkshire Hathaway Inc. (NYSE: BRK-A) and (NYSE: BRK-A), with Class A shares having 1/10th interest in the company but only 1/200th of voting power. Echostar Corporation (NASDAQ: SATS)’s CEO Charlie Ergen owns a 43.4 percent stake in the company through his holding of Class B shares but has 63.6 percent of the voting rights. Ford Motor Company (NYSE: F) uses the dual-class structure to give its founding family more voting power.
Best High Tech Stocks To Watch For 2018: Datawatch Corporation(DWCH)
- [By Lisa Levin]
Datawatch Corporation (NASDAQ: DWCH) shares were also up, gaining 14 percent to $8.10 after the company reported a narrower-than-expected quarterly loss.
Best High Tech Stocks To Watch For 2018: Molson Coors Brewing Company(TAP)
- [By WWW.THESTREET.COM]
In the past, Cramer has been a fan of both Constellation as well as Molson Coors (TAP) , which was able to snap up all the Miller and Coors brands last year for $12 billion. That deal is expected to boost Molson’s earnings by 25% this year.
- [By Seth McNew]
It isn’t the only beer company facing hardships now, and in fact, it’s still growing faster than its largest competitors — Sam Adams parent Boston Beer (NYSE:SAM) and Molson Coors Brewing (NYSE:TAP). Boston Beer’s total sales fell 5.4% in 2016, year over year, and Molson Coors’ sales were down 2.3%.
- [By Mark Fritz]
Price Target: 116 euros.
Molson Coors Brewing Co (NYSE: TAP): Sell.
Price Target: $78.
Boston Beer Company Inc (NYSE: SAM): Sell.
Price Target: $124.
- [By ]
Not to be outdone, industry behemoth Molson Coors Brewing Co. (NYSE:TAP) announced it might soon throw its hat into the ring. Think about it one of the most recognizable big brewers in the country will soon look to expand into the cannabis business.
- [By Jayson Derrick]
The Canadian beer market, much like the American beer market, is seeing a growth in craft products at the expense of established players. And one of the biggest established beer makers in Canada is Molson Coors Brewing Co (NYSE: TAP), Bereneberg’s Javier Gonzalez Lastra and Matt Reid commented in an initiation note.