Note

Carl Icahn sells over half his Herbalife stake for $600 mln - WSJ

Verified Media
· Views 27

Jan 3 (Reuters) - Carl Icahn has sold more than half his stake in Herbalife Nutrition Ltd for $600 million and is planning to give up the five seats on the board held by his representatives, the Wall Street Journal reported on Sunday.

Icahn, who had a 16% stake in Herbalife, sold about 10% back to the company in recent days, the newspaper reported, citing people familiar with the matter.

That has left him with a roughly 6% stake, worth $400 million, in the multi-level marketing company, whose products include dietary supplements, according to the report on.wsj.com/3b4a4UR. (Reporting by Kanishka Singh in Bengaluru; Editing by Himani Sarkar)

Our Standards: The Thomson Reuters Trust Principles.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

No comment on record. Start new comment.