Deals
Icahn Ups Stakes in Ackman Feud With Herbalife Holding
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Billionaire investor Carl Icahn took a 13 percent holding in Herbalife Ltd. and said he would seek talks with the nutritional-supplements company, raising the stakes in a public dispute with rival hedge-fund manager Bill Ackman over whether the company is a legitimate business.
Icahn, 76, said strategic alternatives for Herbalife may include taking it private, according to a filing yesterday with the U.S. Securities and Exchange Commission in which he reported his stake. Herbalife rose 1.2 percent after gaining as much as 17 percent earlier.