Representatives of hedge fund Icahn Partners and

Lexar Media

(LEXR)

recently met to discuss the company's controversial acquisition by

Micron

(MU) - Get Report

, but Carl Icahn remains opposed to the deal.

In a filing with the

Securities and Exchange Commission

, billionaire investor Carl Icahn disclosed that his fund met with Lexar officials on Wednesday to discuss the pending acquisition. Icahn owns 6% of the company and is one of several funds that have recently amassed large positions in Lexar in hopes of pressuring the company to find a better offer than Micron's roughly $680 million proposed deal.

Last week, Lexar revealed that it had

approached 11 companies about a buyout over the course of a year, taking some air out of the activist shareholder argument that the company did not adequately shop itself around to get the best price.

According to Thursday's filing by Icahn Partners, the fund met with Lexar at the company's request. Lexar officials sought to convince Icahn Partners to vote in favor of the Micron acquisition, according to the filing.

"However, at the conclusion of the meeting, Registrant's representatives informed Issuer's representatives that Registrants would not support the transaction given their belief that the consideration being paid was insufficient," the filing reads.

Icahn Partners also apparently left Lexar with some food for thought, suggesting that the company consider selling its business operations, but not any potential awards from various pending litigation the company is engaged in, including a suit with

Toshiba

. Those proceeds, Icahn suggested, should be retained by the company or "used to benefit Issuer's stockholders."