Apple CEO Tim Cook has a hot date. And investors want to know all the juicy details. But they’re going to have to be patient, as the date in question won’t take place until next month.
In September, Cook and billionaire investor Carl Icahn will share a meal and some conversation. This comes straight from Icahn’s Twitter account.
“Spoke to Tim,” Icahn tweeted Thursday. “Planning dinner in September. Tim believes in buyback and is doing one. What will be discussed is magnitude.”
The dinner date announcement comes just days after the investor helped shares of AAPL climb by confirming he had taken a “large” position in Apple.
Mr. Icahn told WSJ last week that he believed Apple should issue debut to fund a stock tender buyback at a price around $525, a move that he believed could send shares to $625.
“While Apple has announced plans to return $100 billion to investors through 2015,” the WSJ reports, “Mr. Icahn seemed unimpressed with the speed of that plan given the company’s cash pile of more than $140 billion.”