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Icahn Says Epic Herbalife Battle With Ackman Was ‘a Good Fight’

Carl Icahn

Carl Icahn

Photographer: Victor J. Blue/Bloomberg

Carl Icahn said he harbors no ill will toward fellow billionaire investor Bill Ackman after his rival bowed out of their five-year fight over Herbalife Ltd.

Any wounded feelings on Icahn’s part may have been eased by what he said was a $1 billion return on his investment -- at least on paper. Ackman has almost entirely exited his short position in the nutritional-supplements company, a person familiar with the matter said Wednesday.