Apple Inc. Chief Executive Officer Tim Cook unveiled one of the biggest dividend and buyback programs in corporate history earlier this year. It still wasn’t enough for some investors.
Carl Icahn, the billionaire activist investor who has made a career of pushing companies to make changes to boost shares, Tuesday said in a Twitter Inc. posting that he’s an Apple shareholder. Icahn bought $1 billion worth of stock and wants Apple to allocate $150 billion for a repurchase, said a person with knowledge of his plans who asked not to be named because the investment was made privately.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
