Carl Icahn has sold more than half of Herbalife Nutrition Limited’s stake, taking a step back from years of investment that has defended itself from the onslaught of rival activist investor William Ackman. Has abandoned his board of directors seats.
Icahn sold about $ 600 million in his 16% Herbalife
According to people familiar with the matter, he recently returned to work. It leaves him with an approximately 6% stake worth $ 400 million. People said he would also abandon the five board seats currently held by his representative, given that Mr. Icahn would fall below the levels set by the agreement with the company. ..
Icahn sold more than half of Herbalife’s stake
http://www.marketwatch.com/news/story.asp?guid=%7B21005575-02D4-D4B5-4572-D1C79121DB80%7D&siteid=rss&rss=1 Icahn sold more than half of Herbalife’s stake