Icahn Presses Apple Again to Repurchase Shares, Letter to Cook to Be Made Public Tomorrow

by anonymous on 2013-11-16 14:18:53

Radical investor Carl Icahn announced via the social networking site Twitter on Wednesday that he had just written a letter to Apple CEO Tim Cook. However, the content of the letter may not be disclosed until tomorrow, as Icahn said he would publish the full text of the letter on his newly created website - Shareholders' Square Table, which will go online tomorrow according to Icahn.

Icahn posted the following message on Twitter:

Screenshot of Icahn's Twitter post

The full text of the letter will be published on my website - Shareholders' Square Table, which will go live tomorrow.

In August this year, Icahn revealed that he had acquired a large stake in Apple.

According to some media reports, the main content of Icahn's latest letter to Cook is still related to his consistent advocacy for Apple to repurchase a large amount of its shares. In subsequent interviews, Icahn himself also stated that he was asking Cook to implement a $150 billion stock repurchase plan. Icahn said that he would continue to remain an Apple investor and praised Cook. He also mentioned that Cook agreed with him that Apple was undervalued by the market.