Herbalife Ltd. backer Carl Icahn waited until after Friday’s market close to contradict fellow billionaire Bill Ackman, spending the day adding 2.3 million shares to his stake in the nutrition company as its stock tumbled.
In this latest tussle between the outspoken New York activist investors, the only clear outcome is that Icahn now owns even more of Herbalife: 21 percent. Ackman had said Friday that Icahn was looking to sell his stake, not add to it.
23:59 Samsung Electronics says reviewing shift to holding company structure15
18:37 Time Inc. Shares Are Surging Today on This Reported Buyout Rejection9
14:49 Trump warns of ‘retribution’ for companies that offshore jobs, threatening 35 percent tariff9
12:48 The Latest: Putin calls Trump a ‘smart man’10