Carl Icahn Drops Apple Buyback Proposal

Now watching

Next video starts in : 7 Play

Carl Icahn Drops Apple Buyback Proposal

Carl Icahn Drops Apple Buyback Proposal
Replay video
Up next

Reba McEntire, Narvel Blackstock Allude to Divorce After 26 Years

Unlock your personal NFL Now stream by signing in to NFL.com

Carl Icahn Drops Apple Buyback Proposal

by Wochit 0:44 mins

Carl Icahn Drops Apple Buyback Proposal

by Wochit 0:44 mins

Activist investor Carl Icahn has had a change of heart as it relates to his desire for Apple to boost its stock buyback program. In a letter to Apple shareholders on Monday, Icahn wrote that he has decided to ditch his "non-binding proposal, especially when the company is already so close to fulfilling our requested repurchase target." Icahn for months has been requesting Apple CEO Tim Cook boost his company's plans for a stock buyback program. When companies buy back shares, they effectively reduce any watering-down of share value, giving large shareholders even more value in a company.

Wochit

Must Watch

  1. Steel Panther - Steel Panther

  2. 4:05

    5 Seconds Of Summer - She's Kinda Hot

  3. 0:56

    Demi Lovato | Behind the Scenes | Cosmopolitan

  4. Hitchhiking robot comes to the end of the road

  5. 13:39

    President Obama Gets Tough on Environment

  6. James Holmes Trial Enters Death Penalty Phase

Must Watch

  1. Steel Panther - Steel Panther

  2. 4:05

    5 Seconds Of Summer - She's Kinda Hot

  3. 0:56

    Demi Lovato | Behind the Scenes | Cosmopolitan

  4. Hitchhiking robot comes to the end of the road

  5. 13:39

    President Obama Gets Tough on Environment

  6. James Holmes Trial Enters Death Penalty Phase

Other Space

  1. 27:05

    Other Space Episode 1: Into the Great Beyond...Beyond

  2. 25:20

    Other Space Episode 2: Getting to Know You

  3. 25:51

    Other Space Episode 3: The Death of A.R.T.

  4. 25:46

    Other Space Episode 4: Ted Talks

  5. 26:44

    Other Space Episode 5: Trouble's Brewing

  6. 27:02

    Other Space Episode 6: Powerless

Must Watch

  1. Steel Panther - Steel Panther

  2. 4:05

    5 Seconds Of Summer - She's Kinda Hot

  3. 0:56

    Demi Lovato | Behind the Scenes | Cosmopolitan

  4. Hitchhiking robot comes to the end of the road

  5. 13:39

    President Obama Gets Tough on Environment

  6. James Holmes Trial Enters Death Penalty Phase