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 […]

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 […]