Herbalife Falls After Ackman Says Icahn Tried to Sell Stake

Updated on
  • Ackman tells CNBC Jefferies approached him about buying shares
  • Hedge fund manager says Icahn sale hastens Herbalife’s demise

Bill Ackman

Photographer: Chris Ratcliffe/Bloomberg

Hedge fund manager Bill Ackman sent shares of Herbalife Ltd. tumbling on Friday after saying that top investor Carl Icahn is trying to sell his stake in the nutrition company.

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