Icahn Reports Stake in Apple Worth $2.05 Billion
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Carl Icahn, the billionaire activist investor urging Apple Inc. to buy back $150 billion of its shares, owns a stake of 3.88 million shares in the iPhone maker worth $2.05 billion, a filing showed.
The holding, as of Sept. 30, is part of Icahn’s drive to get Apple to deploy more of its cash to return value to shareholders. He sent a letter to Chief Executive Officer Tim Cook last month urging the board to increase stock repurchases.