Photographer: Patrick T. Fallon/Bloomberg

Icahn Is Seeking Approval to Own Up to 50% of Herbalife

  • Billionaire says Ackman’s short is increasingly risky
  • Herbalife may do better as a private company, Icahn says

Carl Icahn, the billionaire investor who’s acquired almost 3 million shares of Herbalife Ltd. in the past few weeks alone, wants to be able to buy even more.

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