CNBC’s David Faber reports via Twitter that Carl Icahn’s Apple buyback proposal calls for “at least” $50B in share repurchases in fiscal 2014.
Earlier today, TIME reported that Icahn filed a shareholder proposal with Apple on Nov. 26 to persuade the company to share some of its $147 billion cash hoard with stockholders.
Icahn had been seeking up to $150 billion in share repurchases.
Icahn is now calling for a buyback of "at least" $50b in stock in current fiscal year. Seems like his ask just came down by a lot.
— David Faber (@davidfaber) December 4, 2013
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