Carl Icahn Discloses ‘Large’ Stake in Apple in Tweet
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Billionaire investor Carl Icahn said he has built up a stake in Apple Inc., ramping up the pressure from activist shareholders who want to wring changes out of the world’s most valuable technology company.
“We currently have a large position in Apple. We believe the company to be extremely undervalued,” Icahn wrote in a posting on Twitter Inc.’s website. He added that he spoke to Apple Chief Executive Officer Tim Cook today and discussed his view that a larger stock buyback should be done now. “We plan to speak again shortly,” he said.