Herbalife Shares Climb on New Carl Icahn Investment

The ongoing feud between Bill Ackman and Carl Icahn heated up after Icahn disclosed a new stake in Herbalife.
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Herbalife (HLF) - Get Report shares are higher Monday as the ongoing feud between billionaire activists Bill Ackman and Carl Icahn heated up after Icahn disclosed late Friday he has purchased 2.3 million more shares in the nutrition products distributor. In early 2013 Icahn was quick to counter a $1 billion short position unveiled by Bill Ackman's Pershing Square hedge fund in late 2012, and the two have ever since contested the integrity of Herbalife's business model. Icahn said in a Friday statement. that he continues to believe Herbalife has 'a great model that creates a great number of jobs for people.' He also noted 'Ackman may be a smart guy but he has clearly succumbed to the same dangerous (and sometimes fatal) malady that afflicts many investors - he's developed a very bad case of 'Herbalife obsession.'

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