Icahn Says To Withhold Shares From Proposed Apple Buyback
By Grab Media, a blinkx company
Billionaire investor Carl Icahn said he would withhold his shares of Apple from a $150 billion buyback that he has proposed for the iPhone maker. Icahn wrote in a letter to Apple Chief Executive Tim Cook that "There is nothing short-term about my intentions here" Icahn said he and his affiliates owned 4.7 million Apple shares as of Wednesday morning, a 22 percent increase since he met Cook for dinner in late September.
|Icahn Says To Withhold Shares From Proposed Apple Buyback|