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You are here: MacNN Forums > News > Tech News > Tim Cook, Carl Icahn to meet Monday, September 30th

Tim Cook, Carl Icahn to meet Monday, September 30th
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MacNN Staff
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Sep 26, 2013, 11:49 AM
 
Apple CEO Tim Cook and influential investor Carl Icahn have set a September 30th date in New York City for their long-planned meeting, according to CNBC. The pair are expected to talk primarily about Icahn's push for an expanded buyback of Apple stocks. The company is already in the middle of a buyback plan that will cost it $60 billion by the end of 2015.

Icahn recently invested $1.5 billion in Apple; news of the transaction helped send share prices over the $500 mark, although they have since fallen back under that threshold. He has a reputation as an aggressive investor, having most famously fought against Michael Dell's efforts to take Dell private again. In the end, Icahn was forced to give up that campaign.
( Last edited by NewsPoster; Sep 26, 2013 at 11:57 AM. )
     
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Sep 27, 2013, 02:59 AM
 
Stock buybacks are ONLY good for people like Icahn. They're bad for the long-term health of the company. Cook won't tell Icahn to shove it, but he should.
     
   
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