Herbalife (HLF) Surges as Icahn Gets Long
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Shares of battleground stock Herbalife (NYSE: HLF) are surging 17% after-hour Thursday after Carl Icahn disclosed a 12.98% stake calling it a "a legitimate business model, with favorable long-term opportunities for growth" Icahn intends 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."
Bill Ackman is short HLF in a big way.
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Bill Ackman is short HLF in a big way.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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Carl Icahn, William Ackman
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