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Herbalife Nutritional Ltd. announced that Carl Icahn has sold his remaining stake in the company. After a widely-publicized battle with billionaire hedge fund manager William Ackman, who had placed a $1 billion short position in Herbalife stock in 2012 and then began a campaign against the company, Icahn Enterprises became an activist for Herbalife, investing […]
Direct Selling News’ Publisher and Editor in Chief recently spoke with Rich Goudis about his first year on the job as CEO of Herbalife Nutrition. So how are you feeling with your first year as CEO now behind you? Sum up for us your first year in the role. Rich Goudis: Mostly successful I would […]
Last Friday, hedge fund manager Carl Icahn significantly reduced his stake in Herbalife Ltd., causing shares in the Los Angeles-based nutritional company to plunge 9.6 percent. According to a securities filing, Icahn’s fund, Icahn Enterprises (IEP) said it was tendering up to 11.4 million of Herbalife shares, making an approximate 25 percent divestiture of the […]
On Wednesday, Feb. 28, hedge fund manager William Ackman told CNBC’s Scott Wapner that his Pershing Square Capital company has exited its bet against Los Angeles-based nutritional supplement maker Herbalife. The announcement came five years after Ackman’s on-air verbal confrontation with billionaire Carl Icahn, an Herbalife investor, on CNBC. In December 2012, Ackman launched a […]
The man who led Herbalife Ltd. through a multi-year federal investigation and battle with hedge fund manager William Ackman will transition from the top executive role in June 2017, the nutrition company said Tuesday.
Billionaire investor Carl Icahn is seeking authorization to up his stake in Herbalife Ltd. (HLF—NYSE) to 50 percent.
Catch up on this week's direct selling chatter with these click-worthy links!
Herbalife Ltd. (HLF—NYSE) boosted its guidance for the year in its latest earnings report, released late Wednesday and watched closely by investors following the nutrition company’s settlement with the Federal Trade Commission.
Herbalife Ltd. and the Federal Trade Commission have reached a long-awaited settlement agreement resolving an investigation of the Los Angeles-based nutrition company that began more than two years ago.
Catch up on this week's industry chatter with these click-worthy links!
Embattled nutrition company Herbalife brought a delegation of its independent members to Washington, D.C., this week for face-to-face meetings with members of Congress.
Shares in Herbalife Ltd. (HLF—NYSE) surged Friday after the company reported better-than-expected earnings and progress in its talks with the Federal Trade Commission.
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