Billionaire investor Carl Icahn revealed that he pushed Apple CEO Tim Cook for a $150 billion buyback at a dinner last night, via his Twitter account.
Had a cordial dinner with Tim last night. We pushed hard for a 150 billion buyback. We decided to continue dialogue in about three weeks.
— Carl Icahn (@Carl_C_Icahn) October 1, 2013
Icahn recently revealed a large position in Apple and said the company is ‘extremely undervalued’ pushing the company’s stock up.
During Apple’s April 23rd conference call the company revealed that its share buyback program had been increased to $60 billion.