NH1 News Debates


Oct 9, 2014 9:52 AM

Icahn renews quest for Apple share buyback

The Associated Press

Activist investor Carl Icahn is taking another swing at getting Apple to buy back more of its stock and improve the relative value of the shares.

Icahn is asking the iPhone maker's CEO, Tim Cook, to give its board a plan to meaningfully increase share repurchases. In return, the billionaire investor promises not to offer up any of his roughly 53 million Apple Inc. shares in the repurchase.

Icahn says in a lengthy letter to Cook that the request is not intended to be a criticism of him as CEO. But he says the stock is undervalued, especially compared to the Standard & Poor's 500 index.

Earlier this year, Icahn ended a high-profile campaign to pressure the iPhone maker into spending more money to buy back its own stock.


--  Dealing with the Disease of Addiction? Click here for help --

More from NH1.com

NH1 News Debates
NH1 News Replay

NH1 on Twitter

NH1 SkyView Cameras

NH1 on Facebook

Check out NH1 News Rail Polls on LockerDome on LockerDome