Investor Carl Icahn revealed today that he has purchased another 2.8 million Apple shares bringing his total up to more than 7.5 million. That brings his stake in Apple up to approximately $4.5 billion from the $1 billion worth of Apple stock he reportedly owned last summer.
The news comes following Apple’s introduction of a $90 billion share buyback and a 7-to-1 stock split announced last month. Icahn, who had been pressuring Apple to increase value for shareholders in a number of open letters, meetings with CEO Tim Cook, and media interviews since first announcing his purchase of AAPL last year, said he was “extremely pleased” with Apple’s recent announcements.
Back in February, Icahn withdrew his proposal that would have seen shareholders vote on Apple increasing its buyback program by $50 billion. Apple’s new $90 billion share buyback is up from the $60 billion it announced in 2013.
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