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Icahn meets Apple CEO over share buyback

Wednesday 2 October 2013 | 09:18 CET | News
Investor Carl Icahn said he pressed Apple CEO Tim Cook to more than double the company's stock buyback program to USD 150 billion during a dinner meeting at his apartment, the Wall Street Journal reports. Icahn later added in an interview on CNBC that he had increased his stake in Apple in recent weeks and now holds about USD 2 billion in stock, up from an earlier investment reported to be worth about USD 1.5 billion. As for the buyback, Icahn said Cook couldn't yet provide an answer and needed to first discuss the matter with the Apple board. He said they plan to talk again in about three

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Categories: Mobile & Wireless
Companies: Apple
Countries: World
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