“Activist money manager Carl Icahn and his deputies have told other investors that he has taken a stake in Herbalife Ltd., HLF -2.45% joining a heavyweight battle that has already drawn prominent hedge-fund managers William Ackman and Daniel Loeb.
One of the investors said Mr. Icahn bought a “small” position in the nutritional-supplements firm after Mr. Ackman unveiled a large bet against Herbalife stock and called it a pyramid scheme during a Dec. 20 presentation.
Mr. Ackman, whose Pershing Square Capital Management has sold more than 20 million shares short at a cost of more than $1 billion, has said regulators would shutter Herbalife.
It was unclear Wednesday where Mr. Icahn, a veteran of numerous skirmishes with corporate executives and other investors, housed his Herbalife shares and how large his stake is, or even if he still owns the stock….”
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Icahn is going to squeeze Ackmans’s nuts
indeud; the franks and beans are cooked