Is Icahn's Warning to Ackman on Herbalife (HLF) About to Come to Fruition?
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Herbalife (NYSE: HLF) is seeing a small intra-day spike on rumors Carl Icahn will make a tender offer for the stock. If you remember, in their CNBC battle Icahn warned short seller Bill Ackman that a tender offer for the stock could create the 'mother of all short squeezes.'
Today's rumors appear nothing more than that. Nonetheless, the stock is up 1% to $36.10 after trading lower earlier.
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Today's rumors appear nothing more than that. Nonetheless, the stock is up 1% to $36.10 after trading lower earlier.
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