Carl Icahn Tweets About Apple Again -Says Tim Cook Believes In Stock Buybacks
Spoke to Tim. Planning dinner in September. Tim believes in buyback and is doing one. What will be discussed is magnitude.— Carl Icahn (@Carl_C_Icahn) August 22, 2013
Icahn recently took a large position in Apple and has said he believes it should trade at $700 . The "activist investor" told Reuters he is pushing for a $150 billion buyback, with Apple borrowing funds at 3%.