Activist Investor Carl Icahn pushes for Apple buyback

By FT.com

Activist investor Carl Icahn stepped up his campaign for Apple to return cash to investors, saying he had made the case to Tim Cook, the chief executive, for a $150bn buyback.

Shares in Apple rose 2.2 per cent to $487.12 on Tuesday, as Mr Icahn tweeted and appeared on cable television to press his argument.

Based on the $150bn cash balance, his proposition of borrowing against such an amount would lead to one of the largest corporate debt issuances in history. (…) “You can borrow money so cheaply today,” Mr Icahn added during his television appearance. “I’m saying, why wouldn’t you do it? It makes no sense not to.

To read more go to FT.com

If you want to learn more about the latest trends in corporate governance you can attend a Eureka Financial course on Corporate Governance in Dubai which provides an overview of the regulation and principles behind good corporate governance frameworks.

________________________________________________________________

Eureka Financial offers over 100 public and in-house training courses in banking and finance, corporate finance and M&A, risk management, operations, investments, wealth management, soft skills and managementFor more details visit: www.eurekafinancial.com

Leave a Reply

Your email address will not be published.

We are using cookies on our website

Please confirm, if you accept our tracking cookies. You can also decline the tracking, so you can continue to visit our website without any data sent to third party services.