Printed from http://www.electronista.com

Icahn pushes for $150B stock buyback during dinner with Apple CEO

updated 11:21 am EDT, Tue October 1, 2013

Talks to continue later this month

Carl Icahn pushed for an expanded, $150 billion Apple share buyback during his dinner with Tim Cook yesterday, according to a Twitter post by the influential investor. "Had a cordial dinner with Tim last night," Icahn wrote. "We pushed hard for a 150 billion buyback. We decided to continue dialogue in about three weeks."

Apple is already in the middle of a buyback plan that will cost it $60 billion by the end of 2015. Icahn, however, has argued that Apple shares are undervalued, and that the plan could grow further. He has a significant profit motive in increasing buybacks, since he recently invested about $1.5 billion in the company. News of the transaction briefly sent Apple shares back over the $500 mark.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Razer Kraken Pro headset

Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

Patriot Aero Wireless Mobile Drive

Regardless of how large a tablet you buy, you always want more space. There's always one more movie or another album you'd cram on, if ...

Patriot Fuel+ 6000 and 9000mAh batteries

Mobile device batteries are better than they used to be, but there's always a scenario where users could use more juice. Upgrade manuf ...

Sponsor

toggle

Most Commented

 
toggle

Popular News