updated 10:49 am EDT, Thu September 26, 2013
Magnates to talk expanded Apple share buybacks
Apple CEO Tim Cook and influential investor Carl Icahn have set a September 30th date in New York City for their long-planned meeting, according to CNBC. The pair are expected to talk primarily about Icahn's push for an expanded buyback of Apple stocks. The company is already in the middle of a buyback plan that will cost it $60 billion by the end of 2015.
Icahn recently invested $1.5 billion in Apple; news of the transaction helped send share prices over the $500 mark, although they have since fallen back under that threshold. He has a reputation as an aggressive investor, having most famously fought against Michael Dell's efforts to take Dell private again. In the end, Icahn was forced to give up that campaign.