Reuters logo
Icahn says firm has $2 billion invested in Apple shares - CNBC
October 1, 2013 / 4:23 PM / 4 years ago

Icahn says firm has $2 billion invested in Apple shares - CNBC

NEW YORK (Reuters) - Activist billionaire investor Carl Icahn said Tuesday on CNBC that his firm has $2 billion invested in shares of technology giant Apple Inc..

Shares of Apple rose over 2 percent on Tuesday on news that Icahn had dinner with Apple chief executive Tim Cook on Monday and “pushed hard” for a buyback.

“Had a cordial dinner with Tim last night. We pushed hard for a 150 billion buyback. We decided to continue dialogue in about three weeks,” Icahn tweeted on Tuesday.

In August, Icahn told Reuters that ”Apple has the ability to do a $150 billion buyback now by borrowing funds at 3 percent.

Icahn said on CNBC that Apple’s chief financial officer was also in attendance at the dinner with Cook on Monday.

Reporting by Sam Forgione; Editing by Chizu Nomiyama

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below