Billionaire Carl Icahn tweets that he will send 'interesting' open letter to Apple

Billionaire activist-investor Carl Icahn gives an interview on Fox Business Network's Neil Cavuto show in New York in this file photo from Feb 11, 2014. Icahn tweeted on Wednesday, saying he would send an open letter to Apple Inc on Thursday. --
Billionaire activist-investor Carl Icahn gives an interview on Fox Business Network's Neil Cavuto show in New York in this file photo from Feb 11, 2014. Icahn tweeted on Wednesday, saying he would send an open letter to Apple Inc on Thursday. -- PHOTO: REUTERS

NEW YORK (Reuters) - Billionaire activist investor Carl Icahn tweeted on Wednesday, saying he would send an open letter to Apple Inc on Thursday.

"Tmrw we'll be sending an open letter to @tim-cook. Believe it will be interesting," he tweeted through his handle #Carl-C-Icahn.

The investor has in the past urged Apple to return more of its cash to shareholders and pressured the company to raise its stock buyback and dividend.

Icahn also tweeted that his fund had announced a large position in Apple just over a year earlier and noted that the company's stock had risen 50.6 per cent since then.

Icahn was not immediately available for comment.

Apple shares were up 2 per cent at S$100.73 (S$128.72) in late afternoon trading. More than 43 million shares had changed hands 40 minutes before the New York Stock Exchange closed.