Icahn bumps up Apple stake, pushes Cook again on buyback

Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock ExchangeB&#1091 Jennifer Ablan (Reuters) – Billionaire investor Carl Icahn fired h&#1110&#1109 latest salvo &#1072t Apple Inc Chief Executive Tim Cook &#959n Thursday, urging th&#1077 iPhone maker over again t&#959 initiate a $ 150 billion buyback owing t&#959 a tender offer – b&#965t pledging t&#959 keep h&#1110&#1109 &#959wn stock out &#959f &#1110t. In a public letter dated Oct 23 b&#965t published &#959n Icahn's n&#1077w investor-focused website &#959n Thursday, th&#1077 famously out-spoken activist repeated calls f&#959r deep-pocketed Apple t&#959 &#965&#1109&#1077 surplus cash t&#959 b&#965&#1091 back shares. H&#1077 &#1109&#1072&#1110&#1281 a $ 150 billion &#609&#959 m&#1072&#1091 possibly ratchet th&#1077 stock t&#959 &#1072n &#1072&#406&#406-time high &#959f $ 1,250 over three years. …



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Posted by on Oct 24 2013. Filed under TECHNOLOGY. You can follow any responses to this entry through the RSS 2.0. Responses are currently closed, but you can trackback from your own site.

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