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Posts Tagged ‘billionaire Carl Icahn’

Activist investor Carl Icahn is backing off his proposal that Apple spend $50 billion buying back its own stock during the current fiscal year that ends in September.

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For techies scanning the headlines over the past few months, one name has become an increasingly common occurrence: Carl Icahn, the legendary vulture capitalist, who first made a name for himself during the leveraged buyout boom of the 1980s, which pillaged profitable corporations for personal profit. These days Icahn proudly wears the moniker activist investor, […]

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(Reuters) – Carl Icahn said on Tuesday he bought another half-billion dollars worth of Apple Inc stock, raising the activist investors stake to roughly over $4 billion. Icahn said the stock is a no-brainer, and argued the shares were undervalued. He is trying to get the company to tack on an additional $50 billion in […]

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