Bill Ackman’s well publicized battle against Herbalife hasn’t dampened the enthusiasm of one of the nutrition company’s largest shareholders.
Post Holdings executive chairman Bill Stiritz, Herbalife’s fourth largest shareholder, recently added to his Herbalife holdings, CNBC’s Stott Wapner is reporting.
The exact size of Bill Stiritz addition in the stock is unknown because it was small enough not to require reporting to the Securities and Exchange Commission. It is unclear if this addition comes as the result of previously having sold put options that were exercised as a result of the stock price decline.
Wapner, citing sources, said Stiritz used the recent drop in Herbalife’s stock price as a reason to add to his position and expressed belief in the company and its...
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