CARL ICAHN: I Bought Another $500 Million Worth Of Apple
Carl Icahn isn't done buying Apple!
In a new tweet he says he bought $5oo million more Apple shares bringing his total to $3 billion:
Since tweeting about our large position in $AAPL on Aug 13, when the stock was 468 per share, we've kept buying shares of this 'no brainer.'
- Carl Icahn (@Carl_C_Icahn) January 22, 2014
Having purchased $500 million more $AAPL shares in the last two weeks, our investment has crossed the $3 billion mark yesterday.
- Carl Icahn (@Carl_C_Icahn) January 22, 2014
We feel $APPL board is doing great disservice to shareholders by not having markedly increased its buyback. In-depth letter to follow soon.
- Carl Icahn (@Carl_C_Icahn) January 22, 2014
Icahn has been buying Apple shares since August. He's been pushing Apple to up its share buyback. He wants the company to commit to a $50 billion buyback.
Apple thinks this would be a big mistake. In a proxy filing Apple told shareholders that they should not vote for Icahn's propsal.
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