[Reuters] Icahn says bigger buybacks can drive Apple shares to $700

Posted by: UGN Security

[Reuters] Icahn says bigger buybacks can drive Apple shares to $700 - 08/13/13 04:26 PM

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