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Wednesday, 15-Jan-2014 14:32 Email | Share | Bookmark
Icahn to debate share buyback with Apple CEO next month-spun3


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Icahn to debate share buyback with Apple CEO next month
Carl Icahn tweeted about his upcoming tete-a-tete with Apple CEO Tim Cook.(Credit:Screenshot by Stephen Shankland/CNET)Activist shareholder Carl Icahn took to Twitter again on Thursday to advance his plan to amplify Apple's plan to buy back its own shares, saying he and Apple rmtbuddy wow power leveling Chief Executive Tim Cook are scheduled to discuss the matter soon."Spoke to Tim. Planning dinner in September. Tim believes in buyback and is doing one. What will be discussed is magnitude," Icahn said in a tweet. Buying back shares can increase a company's stock price, and Icahn's tweets about the matter last week, when he disclosed that he has a "large position" in Apple stock, wow power leveling eu led to a surge in the company's share price.Related storiesCarl Icahn to Apple: Now's time for $150B stock buybackApple now has 10 percent of all corporate cashEat and tweet: Icahn dishes on dinner with Apple CEO Tim CookApple stock rose just 0.1 percent Thursday, to $502.96, and was essentially flat in after-hours trading.Apple has been buying back stock since last year as a way to put its vast cash resources to use. In April, it announced an increase in its program, saying it's returning $100 billion of its cash to shareholders through dividend payments and a $60 billion share buyback authorization.Icahn, though, wants a larger buyback program, he said on Twitter.
Icahn to debate share buyback with Apple CEO next month


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