Activist investor Carl Icahn urged Apple Inc. (NASDAQ:AAPL) CEO Tim Cook at a dinner Monday night to buy back $150 billion worth of shares, he said in a tweet.
He plans to meet with Cook again in three weeks to discuss the plan further.
In August, Icahn revealed that he had taken a large stake in Apple after the company announced a record buyback program. Now, he wants to see Apple purchase more of its stock.
Apple has been active in returning cash to shareholders over the last year and a half. In April, the company kicked off a buyback program worth $60 billion by the end of 2015. By June, Apple had already repurchased $16 billion of its shares.
Had a cordial dinner with Tim last night. We pushed hard for a 150 billion buyback. We decided to continue dialogue in about three weeks.
â€” Carl Icahn (@Carl_C_Icahn) October 1, 2013
Icahn said he is slated to appear on CNBC at noon on Tuesday. He's likely to discuss his campaign at Apple then.
Alexander C. Kaufman is a reporter at the International Business Times covering companies, retail and media. He joined in May 2013. Previously, he was an editor of...