Herbalife Ltd HLF works behind the scenes to sink Bill Ackman's Pershing Square fund.
Herbalife Ltd. HLF)" class="ticker" target="_blank"> ( HLF) has apparently been taking cues from Bill Ackman’s attack. However, the company is being a lot sneakier about what it’s up to. Katherine Burton, Duane D. Stanford and Pierre Paulden of Bloomberg Businessweek report that Herbalife has been approaching investors who have money in Ackman’s Pershing Square fund and urging them to pull their money out. Instead of announcing the strategy publicly like Ackman did, the company is working behind the scenes.