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 […]

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 […]