Icahn Backs Off Apple Share Buyback Proposal - Presented by: The Aol. On Network

Activist investor Carl Icahn is backing off his proposal for a larger share buyback plan from Apple. In a letter issued Monday , Icahn says he will no longer pursue efforts to convince the tech titan to accept a $50 billion share buyback proposal. citing Apple's recent buyback of $14 billion in shares last week.



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