Billionaire investor, who gained increasing fame in recent months due to his attempted take over of Dell, has announced via Twitter that his firm has taken a “large position” in Apple:
Icahn further added that he had a “nice conversation” today with Apple CEO Tim Cook. Icahn suggested even larger buy-back plans for Apple. Earlier this year, Apple launched a major multi-billion-dollar stock buy-back program.
Responding to the news, AAPL investors helped the stock sore to a new 6 month high of over $488 per share. Apple has also responded to the news:
We appreciate the interest and investment of all our shareholders. Tim had a very positive conversation with Mr. Icahn today.
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