You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Herbalife stock surges after Icahn grabs stake

Hedge fund manager William Ackman.

Hedge fund manager William Ackman.

Continue reading below

A feud between Wall Street titans is flaring up again over Herbalife Ltd. Shares of the supplement firm rose after investor Carl Icahn said he has taken a 13 percent stake. Pershing Square Capital Management’s William Ackman has called Herbalife a “pyramid scheme” and has bet its stock price will fall. Icahn’s investment, revealed in an SEC filing, comes three weeks after a spat between the pair boiled over on live TV, with each phoning in to CNBC and insulting each other. Icahn said he plans to have talks with Herbalife management about business and strategic alternatives,
including the possibility of going private.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of