Icahn Boosts Apple Stake To $3B Amid Push For Buyback

Law360, New York (January 22, 2014, 3:17 PM EST) -- Carl Icahn bought another $500 million in Apple Inc. stock ahead of the California tech giant's earnings release next week, saying Wednesday that he plans to use his now-$3 billion stake to further an ongoing push for a heftier buyback program.

The billionaire investor revealed his buy-in to the company over the summer, and the latest stock buy ticks up Icahn's holding to about 0.6 percent, placing him well within Apple's top 20 shareholders. Since he began accruing Apple shares in August, Icahn has urged the...
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