Icahn Buys More Herbalife, Denying Claim He’s Selling Stake

August 26, 2016 9:03 PM

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Icahn Buys More Herbalife, Denying Claim He’s Selling Stake

Herbalife Ltd. backer Carl Icahn said he bought an additional 2.3 million shares in the nutrition company following remarks by fellow billionaire Bill Ackman that the investor has been trying to sell his stake.

Herbalife surged as much as 8.3 percent to $65.54 in late trading after Icahn posted the statement. That followed a 2.3 percent decline during regular trading.

Also read: How major US stock market indexes fared on Wednesday

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