Carl Icahn Shows New 12.98% Stake in Herbalife (HLF)

February 14, 2013 5:16 PM EST
In a 13D filing on Herbalife (NYSE: HLF), hedge fund Carl Icahn disclosed a 12.98%, or 14,015,151 share, stake in the company. Ichan did not hold shares previously, although rumors have surrounded the possible position.

The Reporting Persons have conducted significant analysis with respect to the Issuer. The Reporting Persons have concluded that the Company has a legitimate business model, with favorable long-term opportunities for growth. The Reporting Persons intend to have discussions with management of the Issuer regarding the business and strategic alternatives to enhance shareholder value, such as a recapitalization or a going-private transaction.

The Reporting Persons acquired the Shares in the belief that the Shares were undervalued. The Reporting Persons may, from time to time and at any time: (i) acquire additional Shares and/or other equity, debt, notes, instruments or other securities (collectively, "Securities") of the Issuer (or its affiliates) in the open market or otherwise; (ii) dispose of any or all of their Securities in the open market or otherwise; or (iii) engage in any hedging or similar transactions with respect to the Securities.

For more notable holders of Herbalife stock click here. For more information on Carl Icahn click here.

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