Herbalife Jumps as Settlement Ends U.S. Regulator’s Probe: ChartBy
Icahn vs. Ackman on Herbalife Ltd. may finally be over. Shares of the maker of nutritional shakes climbed as high as $72.22 on Friday, their biggest intraday gain since Feb. 26, after the Federal Trade Commission resolved its probe into the company’s business practices with a $200 million settlement. More than three years ago, hedge fund manager Bill Ackman began a short-selling campaign against Herbalife, whose biggest shareholder is activist investor Carl Icahn.
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