Monday, August 29, 2016 6:47:12 AM
http://www.streetinsider.com/13Ds/Carl+Icahn+Bought+2.3M+Herbalife+%28HLF%29+Shares+Friday%2C+Rips+Bill+Ackman/11978318.html
Carl Icahn disclosed after the close Friday that he added to his Herbalife (NYSE: HLF) stake. This follows reports he was looking to shop his stake.
Icahn bought 2.3 million shares, all Friday. Icahn said contrary to what Bill Ackman stated on television, he never gave Jefferies an order to sell any of his Herbalife shares. He said Mr. Ackman has developed a very bad case of “Herbalife obsession”.
The latest purchase brings Mr. Icahn's stake in HLF to 19,304,683 shares, or 20.78%.
Commenting on the added stake purchase, Icahn said:
"Over the years many investment bankers, including Jefferies, that specialize in block trades frequently make bids for our large positions. But completely contrary to what Bill Ackman stated on television today, I have never given Jefferies an order to sell any of our Herbalife shares. Last month we publicly disclosed that Herbalife granted us permission to go up to 35%. At the time of the disclosure, Ackman declared that I have no interest in increasing my position in Herbalife. This was obviously another misstatement of the facts by Ackman since today I bought another 2.3 million shares. I continue to believe in Herbalife: it’s a great model that creates a great number of jobs for people. Ackman may be a smart guy but he has clearly succumbed to the same dangerous (and sometimes fatal) malady that afflicts many investors – he’s developed a very bad case of “Herbalife obsession”. Obsessions concerning the value of stocks are the undoing of many investors because they often blind you to the facts, and it becomes impossible to see the forest for the trees. Watching Ackman on television today is a perfect example of this “obsession”. A month ago he declared that I’d never buy more Herbalife stock, which obviously turned out to be completely wrong. Today, he said I’m done with my Herbalife investment and that I’m a seller. Obviously wrong, again. It amazes me that a guy who hasn’t any knowledge of my internal investment thinking believes he is in a position to go on television to tell the world what I AM thinking! Amazing! He has no right to do so, and even worse, I’m sure his unsubstantiated, obsessive comments, especially about Herbalife, have cost investors a great deal of money over the last few years."
Meanwhile, Herbalife CEO, Michael O. Johnson, said: “We appreciate the support of all of our investors and are particularly grateful to Carl Icahn and the conviction he shares, and continues to show in our business, as demonstrated by today’s significant increase in his stake in the Company."
Recent HLF News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/09/2024 10:14:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/27/2024 09:40:07 PM
- Herbalife to Participate in Barclays Global Consumer Staples Conference on September 3 • Business Wire • 08/22/2024 11:05:00 AM
- Herbalife Scientists to Showcase Advancements in Ingredient Safety and Nutritional Quality at 2024 AOAC INTERNATIONAL Annual Meeting • Business Wire • 08/21/2024 09:38:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 08:30:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 09:18:58 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/31/2024 08:19:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 08:18:31 PM
- Herbalife Reports Second Quarter 2024 Results, Adjusted EBITDA1 Exceeds Guidance; Raised Full-Year Adjusted EBITDA1 Guidance • Business Wire • 07/31/2024 08:10:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 07/08/2024 08:21:19 PM
- Herbalife to Announce Second Quarter 2024 Results on July 31 • Business Wire • 07/01/2024 11:05:00 AM
- Herbalife Expands Board of Directors with Appointment of Perkins Miller • Business Wire • 06/26/2024 11:05:00 AM
- Herbalife and Herbalife Family Foundation Commit $1 Million to World Food Program USA Benefitting Women-led Agribusiness in Colombia • Business Wire • 06/24/2024 01:04:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/10/2024 08:42:02 PM
- Herbalife to Participate in Water Tower Research’s Consumer Products Virtual Conference on June 6 • Business Wire • 05/28/2024 11:05:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 08:43:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 11:09:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 10:42:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 10:39:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 10:37:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 10:34:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 10:31:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 10:28:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 10:24:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 10:21:26 PM
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