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.
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