Carl Icahn and Apple’s Tim Cook to meet Monday in New York City. (via @davidfaber)
— CNBC (@CNBC) September 26, 2013
There’s no more information than that, but Icahn is known to favour further expansion of Apple’s stock buy-back program, where Apple buys its own stock. Every share the company repurchases means one less dividend payment to make, increasing the value of the stock and potentially allowing for dividend payments to be increased.
Icahn took an undisclosed “large position” in Apple last month, rumored to be in excess of $1B. He tweeted at the time that he’d had a “nice conversation” with Cook, but it is believed this is the first time the two have met since the investment.
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