02.10.2013 09:20 Uhr, Quelle: Macworld UK

Icahn presses Apple CEO Cook for $150B stock buyback

Billionaire trading agitator Carl Icahn today reported that he had, as promised, had dinner with Apple CEO Tim Cook last night, when he lobbied for a $150 billion stock buyback program, a 150% icrease over the company's current plan."Had a cordial dinner with Tim last night. We pushed hard for a $150 billion buyback. We decided to continue dialogue in about three weeks," Icahn said via Twitter today.Apple shares were up 2.6% i trading Tuesday, pushing close to $489 a share by 1 p.m. ET.It was the fourth time in the last six weeks that Icahn, known as a corporate activist, tweeted to announce dealings with Apple. On Aug. 13, Icahn revealed that he had acquired "a large position" in Apple, that he believed the stock to be undervalued and that he had spoken with Cook about an increase in the company's already-under way buyback initiative.Ten days later, he again turned to Twitter to say he had

Weiterlesen bei Macworld UK