Ackman approached to buy Herbalife shares owned by Icahn

August 26, 2016 2:10 PM

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Ackman approached to buy Herbalife shares owned by Icahn

Herbalife Ltd's (HLF.N) biggest critic, hedge fund manager Bill Ackman, said he had been approached to buy shares in the nutritional supplements maker from billionaire investor Carl Icahn.

Ackman, who has bet more than $1 billion against Herbalife, said on CNBC that Icahn's planned stake sale would accelerate the company's downfall.

Also read: Coca-Cola’s Biggest Challenge Under Next CEO: Cutting Calories

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