Arab Today, arab today icahn he has 3bn in apple stock
Last Updated : GMT 08:52:09
Arab Today, arab today
Arab Today, arab today

Icahn: He has $3bn in Apple stock

Arab Today, arab today

Arab Today, arab today Icahn: He has $3bn in Apple stock

New York - AFP

Activist investor Carl Icahn said Wednesday he has invested some $3 billion in Apple, and claimed the tech giant is "doing a disservice to shareholders" by not increasing its share buyback. Icahn's comments made on Twitter suggested tensions rising with the iconic California maker of iPads and iPhones, after having met chief executive Tim Cook for dinner last year to press his case to do more for shareholders. "Having purchased $500 million more $AAPL shares in the last two weeks, our investment has crossed the $3 billion mark yesterday," Icahn said in a tweet. Moments later, he said in another tweet that Apple "is doing great disservice to shareholders by not having markedly increased its buyback. In-depth letter to follow soon." At $3 billion, Icahn's stake remains a modest 0.6 percent of Apple, which has a market value above $500 billion based on its latest share price. But the corporate raider, who unveiled his investment in Apple last August, is continuing to press for an increased stock buyback which could boost the value of shares. Last year, Apple agreed to a plan to return some $100 billion to shareholders including $60 billion in buybacks. Icahn, however, has talked about a bigger share buyback, at one point proposing $150 billion. In December, he said he would make a formal proposal to the tech giant's board of directors but scaled back his idea for a $150 billion program. The billionaire investor has a long history of taking positions in companies that give him the leverage to force changes in management or provide dividends to shareholders. Apple stock was up 1.47 percent at $557.12 at 1620 GMT.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today icahn he has 3bn in apple stock Arab Today, arab today icahn he has 3bn in apple stock

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today icahn he has 3bn in apple stock Arab Today, arab today icahn he has 3bn in apple stock

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday