• skype
  • Skype: philippinediver / PH (63) 927-300-6948
  • editormlminsider@yahoo.com
Available Banner

Icahn sells 14.7M Herbalife shares, still holds 20.5M

Seeking Alpha
Icahn sells 14.7M Herbalife shares, still holds 20.5M

|About: Icahn Enterprises L.P. (IEP)|By: , SA News Editor 

Icahn Enterprises (IEP +1.3%sold ~14.7M Herbalife Nutrition (HLF -1.1%) shares under HLF's self-tender offer, Icahn said in a regulatory filing.

Icahn still holds ~20.5M shares, or about a 15.5% of HLF's shares outstanding.

"We continue to strongly believe in the great future of the company," IEP said in the filing.

IEP, which started amassing its holdings in HLF about eight years ago, takes credit for HLF's rising stock price since then, saying its representatives who joined HLF's board "worked closely with management to stabilize the company."

As a result, all HLF shareholders benefited, the firm led by Carl Icahn said. "An investment in Herbalife made on the first day we began purchasing shares would have earned a total return of approximately 200% through yesterday," the statement said.

Icahn and rival investor Bill Ackman, who shorted the stock, argued for years over Herbalife's potentialAckman exited the position in 2018.

HLF stock's total return vs. S&P 500 and IEP over the past 10 years:

Available Banner

MLM Company
Distributor Contacts

Paul
Paul Taira
ASEA

702-582-5521

tangovision@gmail.com
Distributor Links
Kari
Kari Leggett
Rnetwork

509-539-5360

kariaccurate@gmail.com
Distributor Links
Carlos
Carlos de Jesus
inCruises

787-718-3583

procaly@gmail.com
Distributor Links
Toni
Toni Bishop
PRUVIT

+061 41 60 95313-____

tonibishop_4@hotmail.com
Distributor Links
Sue
Sue Root
It Works Global

315-420-0966

sue@skinnywrapny.com
Distributor Links

SUBSCRIBE TO OUR NEWSLETTER

SUBSCRIBE NOW