Is Activist Investor Carl Icahn Now Joining the Battle Over Herbalife (HLF)?
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.