Carl Icahn Drops Apple Buyback Proposal - Presented by: The Aol. On Network

Activist investor Carl Icahn has had a change of heart as it relates to his desire for Apple to boost its stock buyback program. In a letter to Apple shareholders on Monday, Icahn wrote that he has decided to ditch his "non-binding proposal, especially when the company is already so close to fulfilling our requested repurchase target." Icahn for months has been requesting Apple CEO Tim Cook boost his company's plans for a stock buyback program.



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