Billionaire activist investor Carl Icahn on Monday had dinner with Apple chief executive Tim Cook pushing Apple's boss for a
buyback, Icann confirmed on Twitter.
"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," Icahn tweeted on Tuesday.
Icahn has made a career of urging companies to make changes to boost the value of shareholdings.
Cook announced a plan this year for a total of $100 billion in dividends and buybacks, but Icahn wants Apple to allocate $150 billion more for share repurchases.
Icahn, who reportedly holds an $1 billion stake in Apple, which has a market value of more than $400 billion.