“Activist Investor Carl Icahn again publicized his stake in Apple Inc. [AAPL] and promised more news to come on Thursday,” Ben Eisen reports for MarketWatch.
“Icahn set off the chain of media Thursday with a tweet about a recent letter to Apple CEO Tim Cook,” Eisen reports. “It’s likely the letter (to be released at shareholderssquaretable.org) mentioned at least something about his well-publicized push for a share buyback for Apple holders.”
Eisen reports, “In a follow-up interview with Bloomberg TV Wednesday afternoon, he continued to make the case, saying he’s asking his pen pal for a $150 billion tender offer. ‘On this one point we can have a voice because it’s so absurd not to do the buyback,’ Icahn said, noting that other shareholders have contacted him to support his campaign. Icahn said he’s ‘here to stay’ as an investor, and also praised Cook.”
Just sent a letter to Tim Cook. Full letter will be disclosed on my website, the Shareholders’ Square Table, which will be launched tomorrow
— Carl Icahn (@Carl_C_Icahn) October 23, 2013
Read more in the full article here.
MacDailyNews Take: It’s only absurd to those who lack imagination.
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