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Icahn says Apple's Cook on board with buybacks

2013-08-23 02:00:00| Total Telecom industry news

Activist shareholder to meet iPhone maker's CEO to discuss magnitude of share buyback scheme.

Tags: with board cook apples

 

Icahn vs. Apple: When Did Extortion Become Legal?

2013-08-19 14:00:00| TechNewsWorld

What Carl Icahn has been doing with Dell -- and now with Apple -- is kind of like a protection racket. These were popular in the 1920s -- you paid the crime syndicate a fee if you wanted to say in business. I'm wondering if Icahn has found a legal way to extort money from companies in trouble. Icahn not only doesn't provide value for the "help" he gives -- he actually drains the firm's resources.

Tags: legal apple extortion icahn

 
 

Icahn acquires stake in Apple, pushes for share buyback

2013-08-14 09:03:00| Telecompaper Headlines

(Telecompaper) Investor Carl Icahn has acquired a stake worth over USD 1.5 billion in Apple and is pushing the company to buy back its own shares. While Apple earlier this year announced a large buyback, Icahn said in an interview with the Wall Street Journal that he wants to see it happen right away, near the current share price, which he considers cheap. "This is a no-brainer to go buy stock in a company that can go borrow" at a low rate, Icahn said in an interview. "Buy the company here and even without earnings growth, we think it ought to be worth USD 625," he said, referring to the stock price, which closed the day of the interview at USD 489.57, having risen 5 percent on the news of Icahn's investment. Icahn also used used Twitter to publicize his move, saying he had a "nice" conversation with Apple CEO Tim Cook and discussed his opinion that "a larger share buyback should be done now". He added that he plans to speak with Cook again "shortly". Steve Dowling, an Apple spokesman, said the company appreciates the interest and investment of all its shareholders. "Tim had a very positive conversation with Mr. Icahn today," he said, without elaborating.

Tags: share apple stake acquires

 

Icahn invests in 'undervalued' Apple

2013-08-13 21:53:20| BBC News | Business | UK Edition

Billionaire investor Carl Icahn says he has built up a "large" stake in Apple saying that the company is "extremely undervalued".

Tags: apple invests undervalued icahn

 

Navistar avoids proxy battle by giving Icahn, Rachesky more say

2013-07-16 00:11:56| Automakers - Topix.net

Navistar shares rose as much as 10 percent after the company said it was extending the threshold of its shareholders' rights plan to 19.99 percent from 15 percent, allowing both investors to raise their stakes.

Tags: say giving battle proxy

 

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