{"id":48294,"date":"2013-10-24T16:10:25","date_gmt":"2013-10-24T14:10:25","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=48294"},"modified":"2013-10-24T16:13:25","modified_gmt":"2013-10-24T14:13:25","slug":"icahn-to-withhld-apple-shares-in-buy-back","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/48294\/icahn-to-withhld-apple-shares-in-buy-back\/","title":{"rendered":"Icahn to withhold Apple shares in buy-back"},"content":{"rendered":"<p>Billionaire investor Carl Icahn said he would withhold his shares of Apple Inc from a $150 billion buyback that he has proposed for the iPhone maker.<\/p>\n<p>&#8220;There is nothing short-term about my intentions here,&#8221; Icahn wrote in a letter to Apple Chief Executive Tim Cook dated October 23 and published on Thursday.<\/p>\n<p>Icahn said he and his affiliates owned 4.7 million Apple shares as of Wednesday morning, a 22 percent increase since he met Cook for dinner in late September.<\/p>\n<p>Icahn said in the letter that he believed Apple&#8217;s stock was undervalued.<\/p>\n<h3 class=\"my-4\">More on Carl Icahn<\/h3>\n<p><strong><a title=\"Permalink to Icahn writes mystery letter to Apple\" href=\"http:\/\/businesstech.co.za\/news\/electronics\/48190\/icahn-writes-mystery-letter-to-apple\/\" rel=\"bookmark\">Icahn writes mystery letter to Apple<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Icahn bows out of Dell battle\" href=\"http:\/\/businesstech.co.za\/news\/electronics\/45575\/icahn-bows-out-of-dell-battle\/\" rel=\"bookmark\">Icahn bows out of Dell battle<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Carl Icahn to wine and dine Tim Cook\" href=\"http:\/\/businesstech.co.za\/news\/electronics\/44662\/carl-icahn-to-wine-and-dine-tim-cook\/\" rel=\"bookmark\">Carl Icahn to wine and dine Tim Cook<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Apple can hit $700: Icahn\" href=\"http:\/\/businesstech.co.za\/news\/electronics\/44138\/apple-can-hit-700-icahn\/\" rel=\"bookmark\">Apple can hit $700: Icahn<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Icahn\/Dell legal battle delayed\" href=\"http:\/\/businesstech.co.za\/news\/hardware\/44051\/icahndell-legal-battle-delayed\/\" rel=\"bookmark\">Icahn\/Dell legal battle delayed<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire investor Carl Icahn said he would withhold his shares of Apple Inc from a $150 billion buyback that he has proposed for the iPhone maker.<\/p>\n","protected":false},"author":7,"featured_media":41057,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,51,2580],"class_list":["post-48294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-apple","tag-carl-icahn"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=48294"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48294\/revisions"}],"predecessor-version":[{"id":48296,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48294\/revisions\/48296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/41057"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=48294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=48294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=48294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}