Relevant:
- Bill Ackman gives up Herbalife fight, ending five-year saga
- Ackman Is Abandoned by Big Pershing Square Investors
- Pershing Square Sells Entire Stake in Barnes & Noble
- The Case for Harbinger Group as the Next Berkshire
- Carl Icahn, Trump confidant and former adviser, dumped millions in steel-related stocks a week before tariffs
2016-07-15 — reuters.com
Herbalife Ltd agreed to pay $200 million and change the way it does business to avoid being labeled a pyramid scheme by regulators, a blow to hedge fund manager Bill Ackman who for years has been betting against the dietary supplements maker.
Shares of Herbalife jumped more than 20 percent after the settlement was made public and the Los Angeles-based company said its board had cleared the way for billionaire investor Carl Icahn to boost his stake in the company to as much as 35 percent from his current 18.3 percent.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
