Is Activist Investor Carl Icahn Now Joining the Battle Over Herbalife (HLF)?
Tweet
Share
E-mail
Get Alerts HLF Hot Sheet
Up)Join SI Premium – FREE
The battle for Herbalife (NYSE: HLF) may not be limited to just Third Point's Dan Loeb and Pershing Square's Bill Ackman.
According to the NY Post on Thursday, activist investor Carl Icahn might also have a long position in the supplements company. Reasoning is that Icahn may still be seething after a real-estate deal with Ackman went bad, with Icahn losing a legal battle in 2012.
As mentioned on Wednesday, Greenlight Capital's David Einhorn might be siding with Ackman as this battle continues to heat up.
Late Wednesday, the SEC was also said to be launching an investigation into Herbalife, though further action may not necessarily be taken.
Herbalife will be holding a conference today with analysts and investors. The issue is most likely going to be addressed by CEO Michael Johnson, who refuted Ackman's allegations weeks ago.
Ahead of the bell today, Herbalife shares are indicated in positive territory.
According to the NY Post on Thursday, activist investor Carl Icahn might also have a long position in the supplements company. Reasoning is that Icahn may still be seething after a real-estate deal with Ackman went bad, with Icahn losing a legal battle in 2012.
As mentioned on Wednesday, Greenlight Capital's David Einhorn might be siding with Ackman as this battle continues to heat up.
Late Wednesday, the SEC was also said to be launching an investigation into Herbalife, though further action may not necessarily be taken.
Herbalife will be holding a conference today with analysts and investors. The issue is most likely going to be addressed by CEO Michael Johnson, who refuted Ackman's allegations weeks ago.
Ahead of the bell today, Herbalife shares are indicated in positive territory.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Sony/Apollo bid for Paramount could be worth as much as $29 billion - Source
- Odyssey Marine Exploration (OMEX) Receives Nasdaq Non-compliance Notice
- Pros Holdings (PRO) Appoints Todd McNabb as Chief Revenue Officer
Create E-mail Alert Related Categories
Hedge Funds, Insiders' Blog, Trader TalkRelated Entities
Daniel Loeb, Carl Icahn, William Ackman, Pershing Square Capital, Greenlight Capital, David Einhorn, Third Point LLCSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
