Icahn Adds Another ~307K Herbalife (HLF) Shares

September 6, 2016 8:33 AM EDT

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In a form 4 filing after the close Friday, Carl Icahn disclosed he bought another 306,846 shares on Herbalife (NYSE: HLF) on 08/31 at $60.39, bringing his stake to 19,611,529 shares.

Icahn has been aggressively adding to his stake over the past few weeks after reports broke in late August that he he was looking to shop his stake to HLF short-seller Bill Ackman and others. Ackman went on CNBC saying he was contacted by Icahn's bankers at Jefferies about the sale. Icahn denied this, saying he never gave Jefferies an order to sell any of his Herbalife shares and ripped into Ackman for spreading the mis-information.

Icahn now seems hell-bent on creating a short squeeze in HLF with Mr. Ackman on the ropes with his bet-gone-bade in Valeant.

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