Herbalife Ltd. (NYSE:HLF) announced a $200 million settlement with the FTC - shares are up 15 percent in pre-market on the news, although some shorts think the headline masks details which are negative for the company. However, the company did have some news which should excite investors - including the fact that Icahn is now able to acquire up to 35 percent of the company. The corporate raider likely has the money but will he take the bite? Only time will tell. Bill Ackman will likely respond shortly but below are statements from both Carl Icahn and Herbalife on the matter.
More than three years ago, Herbalife came under attack by an intransigent short seller hell bent on a misinformation campaign...
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