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Old May 15, 2014, 07:02 PM   #1
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Carl Icahn Buys Additional 2.8M Apple Shares Raising Stake to Nearly $4.5B




Activist investor Carl Icahn has purchased another 2.8 million Apple shares worth some $1.70 billion according to a regulatory filing from Thursday (via The Wall Street Journal). In total, Icahn now owns more than 7.5 million shares of Apple, bringing his stake to almost $4.5 billion.

Icahn's investment follows Apple's April announcement of a dramatic increase in its share repurchase authorization to $90 billion, up from $60 billion. Apple will also implement a 7:1 stock split in June and plans to return more than $130 billion to shareholders under its capital return program by the end of 2015.

Prior to Apple's announcement, Icahn had pushed Apple to increase its stock repurchasing program in a meeting with CEO Tim Cook. Icahn abandoned a legal effort to have shareholders recommend an increased share repurchase in February after Apple repurchased $14 billion in stock following its January earnings call.

After Apple announced its boosted stock repurchasing plans, Icahn said he was "extremely pleased" with the company's results, noting that the stock was still "meaningfully undervalued."

Article Link: Carl Icahn Buys Additional 2.8M Apple Shares Raising Stake to Nearly $4.5B
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Old May 15, 2014, 07:03 PM   #2
iLoveiTunes
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I was so missing that photo of his

/s
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Old May 15, 2014, 07:04 PM   #3
lewisd25
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He is like a parasite.
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Old May 15, 2014, 07:04 PM   #4
proline
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Another great bottom-feeding story, good job MR! That's twice today. First you publish the delusional ramblings of Claim Chowdry, then this pompous jerk. Gotta get those clicks!
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Old May 15, 2014, 07:06 PM   #5
saintforlife
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What does this guy want? A seat on the board?
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Old May 15, 2014, 07:08 PM   #6
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why do people always complain so much about what MR posts? its just a mac site, so what if it's not related you don't have to read it. Move on to a different site.
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Old May 15, 2014, 07:09 PM   #7
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this guy is such an annoyance smh!
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Old May 15, 2014, 07:11 PM   #8
newyorksole
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Originally Posted by Ddyracer View Post
why do people always complain so much about what MR posts? its just a mac site, so what if it's not related you don't have to read it. Move on to a different site.
No matter how much you or I say that, people will always continue to complain.

People are so miserable. It's sad.
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Old May 15, 2014, 07:13 PM   #9
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He's buying influence.

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Old May 15, 2014, 07:27 PM   #10
newyorkone
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They should use his portrait photo for an ad for Depends undergarments or enemas...
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Old May 15, 2014, 07:29 PM   #11
jeremysteele
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Yay, our buddy is back. I thought he forgot about Apple for a second there. How ever would we have survived without his guideance?
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Old May 15, 2014, 07:34 PM   #12
Zaqfalcon
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Pocket change.
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Old May 15, 2014, 07:44 PM   #13
sshhoott
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still daydreaming...
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Old May 15, 2014, 07:45 PM   #14
proline
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Quote:
Originally Posted by Ddyracer View Post
why do people always complain so much about what MR posts? its just a mac site, so what if it's not related you don't have to read it. Move on to a different site.
For the people who can actually remember when this site had quality insider information it is sad to see how pathetic it is today. Believe it or not, it wasn't always 6 mockup stories per day interspersed with digitimes and Chowdry.
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Old May 15, 2014, 07:55 PM   #15
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"Activist investor" is my favorite individual position, just ahead of "analyst" in terms of professionalism and legitimacy.
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Old May 15, 2014, 07:57 PM   #16
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Originally Posted by proline View Post
Another great bottom-feeding story, good job MR! That's twice today. First you publish the delusional ramblings of Claim Chowdry, then this pompous jerk. Gotta get those clicks!
The last time I checked, the site whose name is "MacRumors" covers topics that involve apple and everything involving apple. You complain about the story and the site trying to garner clicks, yet you click and comment on the article. No one has forced you to come to this site and no one forces you to click on anything that you didn't find relevant. Have a lovely day, hope you have a better one tomorrow where you aren't so easily irritated about nothing.
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Old May 15, 2014, 08:26 PM   #17
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Originally Posted by thefourthpope View Post
"Activist investor" is my favorite individual position, just ahead of "analyst" in terms of professionalism and legitimacy.
Lost it at this comment. Lol.
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Old May 15, 2014, 08:28 PM   #18
dss10
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#thereasonwhyIquitinvestmentbanking
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Old May 15, 2014, 08:29 PM   #19
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Quote:
Originally Posted by thefourthpope View Post
"Activist investor" is my favorite individual position, just ahead of "analyst" in terms of professionalism and legitimacy.
Actually many activist investors present a lot of value to society. Its just that this guy isn't one of them.
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Old May 15, 2014, 08:37 PM   #20
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I happened to agree with him when he was campaigning for Apple to buyback stocks - but he's a little nutty indeed.
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Old May 15, 2014, 08:59 PM   #21
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Carl and Dre are golfing partners.
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Old May 15, 2014, 09:16 PM   #22
BornAgainApple
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Originally Posted by lewisd25 View Post
He is like a parasite.
like??? He IS a parasite.
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Old May 15, 2014, 09:36 PM   #23
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Quote:
Originally Posted by Ddyracer View Post
why do people always complain so much about what MR posts? its just a mac site, so what if it's not related you don't have to read it. Move on to a different site.
People want to see the most polished and well written articles here. Just like they want to see Apple produce the best products. And when that does not happen at MR, the readers are understandably disappointed. They are disappointed because they care and want MR to always have a better standard of article.

If people didn't care they'd not be on this site anymore.
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Old May 15, 2014, 09:46 PM   #24
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He should have just purchased beats.
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Old May 15, 2014, 09:53 PM   #25
Iconoclysm
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Originally Posted by thefourthpope View Post
"Activist investor" is my favorite individual position, just ahead of "analyst" in terms of professionalism and legitimacy.
There is no denying the legitimacy of his investment, regardless.
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