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.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 1.26% or $-0.47/share to $36.98. 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 836581.
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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