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Ante up Icahn raises Apple bet

January 23, 2014

Carl Icahn says he bought $500 million more of Apple stock on Thursday, adding to a $500 million buy in recent weeks. His Apple stake is now about $3.6 billion . In an open letter to Apple shareholders, Icahn said the stock is undervalued and continued arguing for a $50 billion stock buyback before Apple's fiscal year ends in late September. Apple has said it already has plans to return $100 billion to shareholders in dividends and stock buybacks.

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Source: USA Today

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