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AAPL Stock: 111.5 ( + 1.81 )

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Tim Cook, Carl Icahn to meet Monday, September 30th

updated 10:49 am EDT, Thu September 26, 2013

Magnates to talk expanded Apple share buybacks

Apple CEO Tim Cook and influential investor Carl Icahn have set a September 30th date in New York City for their long-planned meeting, according to CNBC. The pair are expected to talk primarily about Icahn's push for an expanded buyback of Apple stocks. The company is already in the middle of a buyback plan that will cost it $60 billion by the end of 2015.

Icahn recently invested $1.5 billion in Apple; news of the transaction helped send share prices over the $500 mark, although they have since fallen back under that threshold. He has a reputation as an aggressive investor, having most famously fought against Michael Dell's efforts to take Dell private again. In the end, Icahn was forced to give up that campaign.




by MacNN Staff

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  1. The Vicar

    Junior Member

    Joined: 07-01-09

    Stock buybacks are ONLY good for people like Icahn. They're bad for the long-term health of the company. Cook won't tell Icahn to shove it, but he should.

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