Bill Ackman Defends His Action on Herbalife (HLF)
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Stay Away from Herbalife (HLF), Fundamentals No Longer in Play! - Cramer
January 28, 2013 10:24 AM ESTHerbalife (NYSE: HLF) is lower on the session early Monday amid comments by stock wunderkind Jim Cramer late last Friday.
Cramer said that the spat between activist investor Carl Icahn and Pershing Square's Bill Ackman has him staying as far away from... More
Billionaires Get Nasty in Epic Icahn vs. Ackman Confrontation
January 25, 2013 3:01 PM ESTOn a slow Friday afternoon, investors around the world paused their normal activities to listen in on what turned out to be one of the most intense, ruthless, and jaw-dropping interviews in Wall Street history.
CNBC invited Pershing Square's Bill Ackman on for an interview over multi-level marketing (MLM) company Herbalife (NYSE: HLF), a stock he thinks is worthless, as well as to clarify comments made earlier in the week about a debt owed by activist investor Carl Icahn. Coincidentally, Icahn... More
Icahn Says a Tender Offer Could Drive Herbalife (HLF) to $100
January 25, 2013 12:59 PM ESTCarl Icahn says there could be a tender offer on Herbalife (NYSE: HLF), creating a short squeeze and the stock could go to $100.
Ackman said no one would make a tender offer for HLF.... More
Icahn Would Not Invest with Ackman Even if the Two Were Friends (HLF)
January 25, 2013 12:07 PM ESTCarl C. Icahn released the following statement in response to yesterday's press release issued by Bill Ackman:
"In 2003 I helped Bill Ackman out of a jam he was in with a fund called Gotham Partners, by buying Gotham's stake in a company called Hallwood Partners.
"In our stock purchase agreement with Gotham they were entitled to an earnout equal to 50% of our profit on the Hallwood shares if we 'sold or otherwise transferred' those shares. This was to protect Bill from looking bad to his... More
Bill Ackman Fires Back at Icahn: 'He Does Not Keep His Word'
January 24, 2013 9:56 PM ESTThe feud between hedge fund mangers Carl Icahn and Bill Ackman entered a new level Thursday after Icahn aired his disgust over how Ackman has handled his Herbalife (NYSE: HLF) short in a Bloomberg TV interview.
Now, Ackman is firing back. In an evening press release, Ackman described Icahn as a person that "does not keep his word."
Below is the press release from Pershing Square:
Pershing Square Capital Managements... More
Carl Icahn Hates on Bill Ackman (HLF)
January 24, 2013 5:12 PM ESTCarl Icahn discussed Herbalife (NYSE: HLF) and Bill Ackman on Bloomberg TV Thursday. Icahn said he doesn't "like" or "respect" Ackman and criticized how he handled his Herbalife short bet. Icahn wouldn't confirm rumors he is long Herbalife, but hinted at it. He did, however, say he wouldn't buy the stock just to burn Ackman.
Below are highlights from the interview:
On whether Icahn has a long position in Herbalife:
"I stay away from commenting on positions that we have or we don't... More
Carl Icahn Pretty Much Hates Bill Ackman (HLF)
January 24, 2013 3:48 PM ESTCarl Icahn says doesn't like or respect Bill Ackman. Says Herbalife (NYSE: HLF) attack by Ackman was 'disingenuous.' Comments on Bloomberg TV.... More
Carl Icahn says doesn't like how Bill Ackman attacked Herbalife (HLF)
January 24, 2013 3:44 PM ESTCarl Icahn says doesn't like how Bill Ackman attacked Herbalife (NYSE: HLF). Comments on Bloombert TV... More
Market Wrap: Apple Falls, Can't Get Up; IMF Takes Grim Global View; Debt-Limit Lifted...for Now
January 23, 2013 5:58 PM ESTMarket wrap-up for January 23rd
End of the Day: S&P 500 up 2.3 to 1,494.81; Dow Jones up 67.1 to 13,779.33; Nasdaq up 10.5 to 3,153.67
The following is a brief summary of events moving markets today:
* Apple (Nasdaq: AAPL). Earnings. Click here for more... More
Einhorn Closes Herbalife (HLF) Short, Ackman Stands Alone
January 23, 2013 3:38 PM ESTFor months investors assumed hedge fund manager David Einhorn had a short bet on multi-level marketing company Herbalife (NYSE: HLF). The speculation began in May during a conference call when Einhorn grilled Hebalife management. Rumors intensified when hedge-fund manager William Ackman announced a short position on the stock. Shortly after rival hedge fund managers,... More
Einhorn Was Short Herbalife (HLF) in 2012, No Longer has Bet - DJN
January 23, 2013 2:29 PM ESTAccording to Dow Jones headlines, Greenlight Capital's David Einhorn was short Herbalife (NYSE: HLF) in 2012, but no longer has bet on the stock.... More
UPDATE: David Einhorn Essentially Confirms Herbalife (HLF) Short
January 23, 2013 12:30 PM EST(Updated - January 23, 2013 12:44 PM EST)
David Einhorn Greenlight Capital may have just confirmed he is short Herbalife Ltd. (NYSE: HLF).
In his Q4 letter, while not mentioning Herbalife by name, he comments "Our coffee was too hot, our apple was bruised, and our iron... More
