- Carl Icahn declares on Twitter he has bought $500M worth of additional Apple (AAPL +1%) shares over the last two weeks, raising the total value of his stake above $3B (still less than 1%).
- He also makes a renewed call for a larger Apple buyback, stating the company's board "is doing great disservice to shareholders" by not signing off on one. Never scared to self-promote, Icahn promises to publish a new "in-depth letter" on the subject shortly.
- Apple shares have ticked higher on the remarks. Last month, the company urged shareholders to vote against Icahn's Prop. 10, a non-binding resolution calling for at least $50B in FY14 buybacks. Apple's annual meeting is on Feb. 28.
- More on Apple/Icahn
Icahn discloses fresh Apple purchases, makes renewed buyback call
Jan 22 2014, 10:48 ET