Carl Icahn Buys Additional 2.8M Apple Shares Raising Stake to Nearly $4.5B

Discussion in 'Mac Blog Discussion' started by MacRumors, May 15, 2014.

  1. macrumors bot

    MacRumors

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    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
     
  2. macrumors regular

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  3. macrumors 6502a

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  4. macrumors 6502a

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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!
     
  5. macrumors 6502a

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    What does this guy want? A seat on the board?
     
  6. macrumors 68000

    Ddyracer

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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.
     
  7. macrumors newbie

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  8. macrumors 68020

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    #8
    No matter how much you or I say that, people will always continue to complain.

    People are so miserable. It's sad.
     
  9. macrumors P6

    Peace

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  10. macrumors member

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    #10
    They should use his portrait photo for an ad for Depends undergarments or enemas...
     
  11. macrumors 6502

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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? :D
     
  12. macrumors regular

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  13. macrumors 6502

    sshhoott

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  14. macrumors 6502a

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    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.
     
  15. macrumors 6502a

    thefourthpope

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    #15
    "Activist investor" is my favorite individual position, just ahead of "analyst" in terms of professionalism and legitimacy.
     
  16. macrumors member

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    #16
    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.
     
  17. macrumors regular

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    Lost it at this comment. Lol.
     
  18. macrumors member

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  19. macrumors regular

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    Actually many activist investors present a lot of value to society. Its just that this guy isn't one of them.
     
  20. macrumors regular

    perealb

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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.
     
  21. macrumors 6502a

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  22. macrumors 6502a

    BornAgainApple

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    like??? He IS a parasite.
     
  23. macrumors 68040

    the8thark

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    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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    Flood123

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  25. macrumors 65816

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    There is no denying the legitimacy of his investment, regardless.
     

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