Today billionare investor Carl Icahn revealed his investment position in Herbalife. In what has become a clash of the Wall Street titans, Icahn paid $214 million for 14 million Herbalife shares, amounting to a 13 percent stake in the company. Icahn takes the opposite position of short seller Bill Ackman, who has alleged that Herbalife is a pyramid scheme and avowed to drive the stock price to zero. Icahn’s action immediately sent Herbalife’s stock price climbing, with shares jumping as much as 20 percent in after-hours trading on Thursday. Friday’s trading bumped the stock up 5 percent to close at $38.27 a share.
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