Icahn Lifts Apple Stake To $3.6B, Continues Push For Buyback

Law360, New York (January 24, 2014, 12:44 PM EST) -- Billionaire activist investor Carl Icahn bought another $500 million in Apple Inc. stock on Thursday, boosting his total investment in the California tech giant to $3.6 billion and furthering his ongoing push for a heftier buyback program.

In an open letter to Apple shareholders filed with the U.S. Securities and Exchange Commission, the Icahn Enterprises LP chairman revealed his latest $500 million buy in Apple stock and renewed his call for shareholders to vote "yes" on his proposal to get Apple’s board to increase the company's...
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