Icahn Raises Herbalife Stake To 15.5% Amid Ackman Fight

Law360, New York (March 8, 2013, 12:30 PM EST) -- Carl Icahn on Thursday lifted his stake in vitamin distributor Herbalife Ltd. to 15.6 percent, edging up his influence over the company as he continues to spar with hedge fund CEO William Ackman over allegations that Herbalife is a fraud.

A securities filing showed that the activist investor raised his Herbalife interest from 13.6 percent, edging himself closer to 25 percent ownership — the maximum level he can reach under an agreement with Herbalife. The same pact, inked last week, gave Icahn two seats on the...
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