MacNN | Cook, Icahn to talk expanded share buyback at September dinner
Mac News Network View: Standard | Headlines | Categorized | Slim
Mac News Network
Mac News iPod News Reviews Forums
 

Desktop Headlines
Cook, Icahn to talk expanded share buyback at September dinner
Thursday, August 22, 2013 @ 4:25pm

Investor Carl Icahn and Apple CEO Tim Cook will meet next month for a business dinner, according to the former's official Twitter feed. "Spoke to Tim. Planning dinner in September. Tim believes in buyback and is doing one. What will be discussed is magnitude," he writes. Icahn met with Cook earlier this month, putting forward the idea that Apple should expand its buyback program. The company is already in the middle of spending $60 billion on buybacks through 2015.



Icahn has a major incentive to push further buybacks. He already has approximately $1.5 billion invested Apple; the recent announcement of that stake helped send Apple's share price surging back over $500. With such an inflated value, a future buyback could turn a significant profit.

Comments on this Article
Print Friendly Version
Email to a Friend
Add MacNN to Your RSS Feeds
Buy from the Apple Store


Related Stories:

Most Recent Stories:

  • AMD ends active development of Mantle API optimizations - 8:58 PM EST
  • Hands On: I, Gladiator 1.12.0 (iOS) - 6:50 PM EST
  • Briefly: Apple-designed packaging, Ecobee3, new Queens store - 6:38 PM EST
  • Analysis: Apple Music and Home Sharing, one week later - 3:45 PM EST
  • Daily Deals: Netgear router bundle, 55-inch 4K TV, podcast microphones - 3:36 PM EST
  • Forums: software update renders iMac useless and more - 2:52 PM EST
  • Apple deals: Macs from $419 - 2:50 PM EST

    Today's iPodNN Stories:
  • Microsoft offers grants to universities for HoloLens research - 7:25 AM EST
  • LG Display starts mass production of AIT display panels for notebooks - 7:47 AM EST
  • Briefly: EE fined £1M in UK, Unofficial YouTube app on Android Wear - 11:14 AM EST
  • Microsoft adds sixth Surface Pro 3 option, Surface 3 LTE on the way - 1:02 PM EST
  • Huawei launches Honor 7 smartphone, Band Zero smartwatch - 6:36 AM EST
  • No comments posted on this story yet. Please post yours.
    Your Comments
    In order to post comments, you must be a registered member of the MacNN Forums and logged in. Please login with your MacNN Forums username and password.

    MacNN Forums Login:

    MacNN Forums Password:

    Not a member of the MacNN forums? Register now for free.