“At 2:21 p.m. Tuesday someone using the Twitter account Carl_C_Icahn — presumably the corporate raider/hedge fund manager himself — issued the first of a pair of tweets,” Philip Elmer-DeWitt reports for Fortune.
“That was followed [by another tweet] four minutes later,” P.E.D. reports.
“Apple’s shares, which had been trading at $475.77, did what stocks do when Icahn buys them. They went vertical, touching $489.74, up 13.97 (2.93%), in the space of 40 minutes,” P.E.D. reports. “In a statement to Fortune, an Apple spokesman confirmed that Icahn had been in touch.”
We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come.
— Carl Icahn (@Carl_C_Icahn) August 13, 2013
Had a nice conversation with Tim Cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly.
— Carl Icahn (@Carl_C_Icahn) August 13, 2013
Read more in the full article here.
Dan Primack reports for Fortune, “Apple followed Icahn’s tweet by issuing the following statement: ‘We appreciate the interest and investment of all our shareholders. Tim had a very positive conversation with Mr. Icahn today.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “David E.” for the heads up.]
