Apple chief executive Tim Cook is scheduled to meet with shareholder activist Carl Icahn on Monday in New York City, according to a report.
On Thursday, CNBC reporter David Faber said he had confirmed the meeting will take place. Last month, Icahn tweeted that he planned to meet Cook for dinner to discuss Apple’s stock buyback plans.
“That planned meal, which no longer may be a meal, will take place on Monday,” Faber says.
Yes, you read that correctly. According to Faber, Icahn is more of a “late-night kinda guy” who “likes to have a couple of martinis with dinner.” And Cook, Faber discovered, is “more of an early morning guy.”
Last month, Icahn revealed that he had taken a large stake in Apple. And although the company announced a record stock buyback program earlier this year, Icahn would like to see it increased even more.
Since Icahn announced his campaign, Apple has launched its two new iPhones and new iOS 7 mobile operating system which have been big hits. However, the stock price has been mixed during the past two weeks.
The stock closed at $506.17 the day before Apple unveiled the iPhone 5s and iPhone 5c. A week later, it had fallen to $450.12 as investors expressed disappointment that Apple did not introduce a cheap iPhone that many had expected.
On Thursday, in midday trading, Apple’s stock was up $5.34 or 1.11% to $486.87.
But the question on everybody’s mind is now this: What kind of alcohol might the two men consume Monday? And just what might that meal be technically called? (If there is a meal.)Watch here for the fascinating discussion on these, and other urgent topics related to Apple.