Market

Carl Icahn sells the remaining portion of his Herbalife stake, ending the saga that fueled his long-standing feud with Bill Ackman

Posted On: Jun 12, 2021   |   Posted By: Business Insider

Carl Icahn sells the remaining portion of his Herbalife stake, ending the saga that fueled his long-standing feud with Bill Ackman

Summary List Placement Billionaire investor Carl Icahn sold his final remaining stake in Herbalife , putting a close to the saga that fueled his long-standing feud with Bill Ackman.
SEC filings from Thursday show that Icahn now holds 0% of the multi-level-marketing nutritional shake seller. In January, the activist investor reduced his share of the company to about 6% from 16% and sold $600 million of stock, saying that the company no longer needed his activism.
Icahn told CNBC's Scott Wapner on Thursday : "I think this is an example of activism working very well. It was certainly an interesting ride fighting off bear raids as well as aiding the company in their numerous negotiations with the government. But all's well that ends well and we wish the company the best of luck in the future."
The nutritional supplement company is at the center of Icahn's years-long feud with fellow billionaire investor Bill Ackman. Ackman had a $1 billion short position in Herbalife, and publicly disclosed that he believed the...

Continue reading ...

 






The last Posts from Business Insider



What channel is the Westminster Dog Show on today? Time, TV schedule for...

What channel is the Westminster Dog Show on today? Time, TV schedule for 2021 competition

The 145th running of the Westminster Dog Show is set to continue on Saturday and Sunday with group competitions and the Best in Show judging. Here's how to watch and follow... Read more ...

Saudi Arabia limits annual pilgrimage due to Covid

Saudi Arabia limits annual pilgrimage due to Covid

DUBAI, United Arab Emirates - Saudi Arabia announced Saturday this year's hajj pilgrimage will be limited to no more than 60,000 people, all of them from within the kingdom... Read more ...

Putin Offers Views on 'Colorful' Trump, 'Career Man' Biden

Putin Offers Views on 'Colorful' Trump, 'Career Man' Biden

President Biden is set to meet with Vladimir Putin on Wednesday in Geneva, and the Russian leader prepped for that sit-down with an NBC News interview on Friday, offering his... Read more ...

Sri Lanka seeks initial $40M from cargo ship's operator

Sri Lanka seeks initial $40M from cargo ship's operator

Sri Lanka sent a claim of $40 million to lawyers representing X-Press Feeders, the ship's operating company, to cover a portion of the funds of fighting the cargo ship fire. Read more ...

What channel is UFC 263 on tonight? How to watch, buy Israel Adesanya vs...

What channel is UFC 263 on tonight? How to watch, buy Israel Adesanya vs. Marvin Vettori 2 on pay-per-view

Sporting News has you covered on how to watch the rematch between Israel Adesanya and Marvin Vettori on Saturday. Read more ...

LEADING OFF: deGrom, Scherzer get checked after early exits

LEADING OFF: deGrom, Scherzer get checked after early exits

A look at what's happening around the majors today: Read more ...

Suns spoil Nikola Jokic's MVP party, beat Nuggets 116-102

Suns spoil Nikola Jokic's MVP party, beat Nuggets 116-102

DENVER - Devin Booker and the Phoenix Suns spoiled Nikola Jokic's MVP celebration with a 116-102 victory over Denver on Friday night in Game 3 that put “The Joker” and the rest... Read more ...

Seized House Records Show Just How Far Trump Admin Would Go

Seized House Records Show Just How Far Trump Admin Would Go

Using the Justice Department to gather private information about members of Congress carried echoes of Nixon during Watergate. Read more ...

LEADING OFF: deGrom, Scherzer get checked after early exits

LEADING OFF: deGrom, Scherzer get checked after early exits

A look at what's happening around the majors on Saturday: Read more ...

Comeback kids: Verdugo, Red Sox rally from 4 down in 9th

Comeback kids: Verdugo, Red Sox rally from 4 down in 9th

Alex Verdugo had three hits to lead the Red Sox to their major league-best 23rd comeback victory of the season. Read more ...