Icahn Pushed Hard for $150B Apple (AAPL) Buyback at Cook Dinner
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Price: $169.02 +1.27%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.3%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.3%
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Activist investor Carl Icahn confirmed he had dinner last night with Apple (NASDAQ: AAPL) CEO Tim Cook. Icahn called the meeting "cordial" and said he pushed hard for a $150 billion buyback. The two will continue dialogue in about three weeks, he said.
The company currently has a record $60 billion stock buyback in place, which has $48 billion remaining as of the latest quarter.
The company currently has a record $60 billion stock buyback in place, which has $48 billion remaining as of the latest quarter.
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.
— Carl Icahn (@Carl_C_Icahn) October 1, 2013
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