Herbalife Responds to Icahn Purchase of 2.3 Million Shares
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Herbalife (HLF) Gains on Chatter Icahn Adding More as He Looks to Bury Ackman
August 29, 2016 1:23 PM EDTHerbalife (NYSE: HLF) is gaining mid-day on rumors Carl Icahn is buying more stock today in an attempt to squeeze short seller Bill Ackman.
On Friday, Icahn disclosed he bought 2.3 million shares following reports earlier that day from the WSJ that he had actually contacted bankers to sell his massive position in the stock. Following the initial WSJ report and before Icahn's disclosure, Bill Ackman went on CNBC confirming that he had been contacted by Icahn's bankers at Jefferies to buy part... More
