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Icahn ends Apple buyback campaign

February 10, 2014

Activist investor Carl Icahn is ending a high-profile campaign to pressure Apple into spending at least $50 billion on stock buybacks by September. In a letter to other Apple shareholders, he cited Apple's recent flurry of stock repurchases -- $14 billion worth in the past two weeks -- as one reason for his change of heart. Icahn's push for a bigger buyback had faced mounting opposition from other stockholders who supported Apple's board.

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Source: USA Today

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