(Reuters)-Carl Icahn sold more than half of his stake Herbalife (NYSE :) Nutrition Ltd plans to abandon five seats on its board of directors for $ 600 million, the Wall Street Journal reported on Sunday.
Icahn, who had a 16% stake in Herbalife, recently sold back about 10% to the company, the newspaper reported, citing people familiar with the matter.
According to the report https://on.wsj.com/3b4a4UR, the product leaves him with a $ 400 million stake, about 6% of a MLM company that includes dietary supplements.
Fusion media Alternatively, anyone involved with Fusion Media will not be liable for any loss or damage resulting from relying on the data, quotes, charts, trading signals and other information contained on this website. Please be fully informed about the risks and costs associated with trading in financial markets. This is one of the most risky forms of investment possible.
Carl Icahn sold more than half of Herbalife’s stake for $ 600 million
https://www.investing.com/news/stock-market-news/carl-icahn-sells-over-half-his-herbalife-stake-for-600-million–wsj-2378859 Carl Icahn sold more than half of Herbalife’s stake for $ 600 million