Billionaire investor Carl Icahn said on Wednesday that he has filed a shareholder proposal with Apple for a much smaller stock buyback plan than he has advocated previously, as he continued to pressure Apple to share more of its cash pile. "Gave $AAPL notice we'll be making a precatory proposal to call for vote to increase buyback program, although not at $150 billion level," Icahn said in a tweet.CNBC said Icahn's plan calls for a $50 billion buyback program.Icahn had been urging Apple to purchase back $150 billion worth of shares. Icahn owns approximately 0.5 percent of Apple's outstanding shares, according to Thomson Reuters data.Icahn on Tuesday told Time magazine that he filed a shareholder proposal with Apple on Nov. 26, three days before the deadline for measures to be voted on at the company's next annual shareholders meeting.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.23% or $-0.46/share to $36.99. In the past year, the shares have traded as low as $27.67 and as high as $38.73. On average, 861222 shares of TRI exchange hands on a given day and today's volume is recorded at 811939.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.9% or $-0.36/share to $39.52. In the past year, the shares have traded as low as $27.49 and as high as $40.61. On average, 941967 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 910187.
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