[Reuters] Icahn says Apple could be worth $700 per share with larger buyback

Posted by: UGN Security

[Reuters] Icahn says Apple could be worth $700 per share with larger buyback - 08/13/13 05:53 PM

SAN FRANCISCO/NEW YORK (Reuters) - Activist investor Carl Icahn said on Tuesday he has amassed a "large position" in Apple Inc and believes the stock could be worth as much as $700 a share if CEO Tim Cook pushed for a larger stock buyback.