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

MacRumors

macrumors bot
Original poster
Apr 12, 2001
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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
 

proline

macrumors 6502a
Nov 18, 2012
630
1
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!
 

Ddyracer

macrumors 68000
Nov 24, 2009
1,786
31
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.
 

newyorksole

macrumors 601
Apr 2, 2008
4,205
4,737
New York.
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.
 

jeremysteele

macrumors 6502
Jul 13, 2011
415
151
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
 

proline

macrumors 6502a
Nov 18, 2012
630
1
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.
 

tokyopunk

macrumors member
Sep 6, 2009
34
0
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.
 

perealb

macrumors 6502
Oct 30, 2009
251
7
I happened to agree with him when he was campaigning for Apple to buyback stocks - but he's a little nutty indeed.
 

the8thark

macrumors 601
Apr 18, 2011
4,264
1,313
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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