Icahn Reveals 13% Herbalife Stake, Heats Up Ackman Feud

Law360, New York (February 15, 2013, 2:19 PM EST) -- Carl Icahn on Thursday revealed the stake in embattled vitamin distributor Herbalife Ltd. that Wall Street assumed he had, sharpening the battle lines between him and hedge fund CEO William Ackman, who has called the company a fraud.

Icahn disclosed a 12.98 percent stake, worth about $214 million, in a U.S. Securities & Exchange Commission filing. He said in the filing that he will discuss plans to turn around or sell the struggling company, which has come under fire from Ackman and securities regulators over what...
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