Activist investor Carl Icahn, on Wednesday, posted a tweet which said he would send an open letter to Apple chief executive Tim Cook on Thursday that he promises will be ‘interesting’.
“Tmrw we’ll be sending an open letter to @tim_cook. Believe it will be interesting,” Icahn tweeted through his Twitter handle @Carl_C_Icahn.
In a separate tweet, Icahn wrote his fund had announced a large position in Apple just over a year earlier and noted that the company’s stock has soared 50 per cent since then.
A year ago, the billionaire investor had started pressurizing Cupertino to return more of its cash to shareholders and pushed the company to raise its stock buyback and dividend. At the time, Icahn owned AAPL shares of worth $1.5 billion. According to a filing with the U.S. Securities and Exchange Commission, Icahn boosted his stake in the company to 45 million shares in August.
The tweet came only a few hours after Apple began sending out invitations to an October 16 press event. The iPad maker is expected to launch a new line of iPad tablets and Mac computers and disclose more about its new Mac operating system software.
Apple shares climbed 2.2 percent to $100.88 in late afternoon trading following Icahn’s tweets. Shares hit an all-time high of $103.74 on September 2.
Both Icahn and Apple could not be reached for comment.