Carl Icahn Pushed Tim Cook for $150 Billion AAPL Buyback Over Dinner

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Posted October 1, 2013 at 5:49pm by iClarified

Billionaire investor Carl Icahn revealed that he pushed Apple CEO Tim Cook for a $150 billion buyback at a dinner last night, via his Twitter account.

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.

Icahn recently revealed a large position in Apple and said the company is 'extremely undervalued' pushing the company's stock up.

During Apple's April 23rd conference call the company revealed that its share buyback program had been increased to $60 billion.

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Carl Icahn Pushed Tim Cook for $150 Billion AAPL Buyback Over Dinner

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Jack Black - October 2, 2013 at 8:32am

He bought in around 400-410 he wants to make 100-150 before he dumps. You can view this in his sec filings. I'm assuming he wants to make 100-150 per share as his target was in the 600 range which really means he is dumping around 500-550.

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Peter - October 1, 2013 at 6:05pm

Is this one of the pump and dump scam?

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t11chb - October 1, 2013 at 6:01pm

Why would you put something like that on twitter?

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bobdupa - October 1, 2013 at 7:19pm

to protect himself from sec, he probably used 6 hops proxy, so when sec asks stupid questions he can say his twitter account got hacked, sell stock anyway and walk free for thank you dinner

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