Ackman and Icahn Contradict Each Other on Herbalife Stock
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William A. Ackman, left, and Carl C. Icahn — two Wall Street hedge fund giants.CreditLeft: Hiroko Masuike/The New York Times; Right: Heidi Gutman/CNBC
Call it the Bill and Carl Show.
William A. Ackman and Carl C. Icahn — two Wall Street hedge fund giants — duke it out over a nutritional supplements company called Herbalife. Arguing that the company is a pyramid scheme, Mr. Ackman stakes $1 billion on a wager that the stock will go to zero. Mr. Icahn, calling him a “crybaby in the schoolyard,” buys as many shares in Herbalife as he can.
The two stand their ground for years. Then they publicly make up. And now, there’s a twist: On Friday, Mr. Ackman said that bankers recently offered to sell him Mr. Icahn’s shares…
Ackman and Icahn Contradict Each Other on Herbalife Stock
