Stake Size Doesn't Matter In Icahn's Apple Play

Law360, New York (August 14, 2013, 3:12 PM EDT) -- Carl Icahn sent Apple Inc.'s stock into a frenzy this week when he announced a stake in the company, proving the power behind the famed activist investor's reputation that experts say gives him significant pull in dealings with the company despite holding less than 1 percent of its shares.

In a somewhat unusual move, Apple CEO Tim Cook had already opened talks with Icahn, who lands nowhere near the largest shareholder in the company. The investor has already hinted on his closely watched Twitter feed that...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.