Icahn may look to take new bite at Apple: To meet with Cook

Thursday, 26 Sep 2013 | 9:28 AM ET
'Big Apple' meeting between Icahn & Cook
Thursday, 26 Sep 2013 | 9:17 AM ET
Billionaire investor Carl Icahn and Apple CEO Tim Cook are to meet in New York City on Monday, reports CNBC's David Faber.

Activist investor Carl Icahn will meet with Apple CEO Tim Cook in New York City on Monday, where the billionaire may discuss the company's prospects and the possibility of adding to his sizable stake in the technology giant.

Tim Cook and Carl Icahn
Getty Images
Tim Cook and Carl Icahn

The planned meeting is an outgrowth of a tweet Icahn made in August that flagged his interest in Apple's massive share buyback. Earlier this month, Icahn said he had purchased "quite a bit" of Apple stock, and said adding to his position was "a no-brainer."

Icahn's stake in the company is believed to be worth at least $2 billion—which would make him a large individual shareholder, yet not one of Apple's Top 10.

Reporting by CNBC's David Faber; writing by Javier E. David


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