Icahn Requested to Buy Up to 50% of Herbalife (HLF)

September 13, 2016 5:40 PM EDT

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Carl Icahn said at CNBC's Delivering Alpha that he's requested to buy up to 50% of Herbalife (NYSE: HLF) with the FTC. He currently has authorization to buy up to 35%.

Icahn said no way a professional would want to be short the stock with such high short interest and long stock in strong hands.

Further, Icahn said he thinks Herbalife is a candidate to go private and would be better off going private.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Hedge Funds, Rumors, Short Sales, Trader Talk

Related Entities

Carl Icahn

Add Your Comment