Icahn Boosts Herbalife Stake Amid Battle For Co.'s Future

Law360, New York (May 8, 2013, 12:22 PM EDT) -- Carl Icahn has raised his ownership in Herbalife Ltd. to 16.5 percent from 15.9 percent, according to a regulatory filing Tuesday, bolstering the activist investor's long position in his fight with hedge fund CEO William Ackman over the future of the nutritional supplements maker.

Icahn disclosed in a U.S. Securities and Exchange Commission filing that his funds had slightly increased their stake in Herbalife over the past several weeks. Icahn has been a staunch backer of the Los Angeles-based company, which last month approved a February...
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