Billionaire activist Carl Icahn is continuing to pressure Apple CEO Tim Cook to undertake a $US150 billion share buyback. Icahn suggests paying 3% to borrow that amount of money with the aim of buying back its shares at $US525 apiece, Apple could beef at one fell swoop its EPS by 33%. Icahn holds $US2.5 billion in Apple stock representing a stake of 0.5%. (VIEW LINK)
Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
No areas of expertise