Icahn raises stake in Herbalife
- Wall Street flat as telecom gains fail to counter oil drop
- Equinix (EQIX) Announces $3.6B Acquisition of Data Center Portfolio from Verzion (VZ)
- Trump Wants to Cancel New Air Force One Order with Boeing (BA)
- Roper Industries (ROP) to acquire Deltek in $2.8B Deal
Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
(Reuters) - Activist investor Carl Icahn has raised his stake in Herbalife Ltd (NYSE: HLF) to 23.1 percent as of Nov. 3, according to a regulatory filing on Thursday.
Icahn had reported a 20.78 percent stake in the company in August. (http://bit.ly/2fjU7ve)
Herbalife said on Tuesday that Chief Executive Michael Johnson would step down next year and be replaced by Chief Operating Officer Richard Goudis, a choice Icahn said he fully supported.
Herbalife's shares were up just over 1 percent in extended trading.
(Reporting by Anya George Tharakan in Bengaluru; Editing by Savio D'Souza)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Stocks with Implied Volatility Movement
- Atlanta Fed pares U.S. fourth-quarter GDP growth view to 2.6 percent
- Western North Dakota crude pipeline shut down after spill