Carl Icahn sells more than 50% stake in Herbalife Nutrition Ltd for $600 million

According to a report from the Wall Street Journal, billionaire activist investor Carl Icahn has sold more than 50% of his stake in Herbalife Nutrition Ltd for $600 million; he now plans on giving up the five seats held by him through his representatives on the board.

In recent days Icahn, who held a 16% stake in Herbalife, sold around 10% back to the company said the WSJ report citing sources familiar with the matter at hand.

Following the sale, he now has around 6% stake, worth $400 million, in Herbalife Nutrition Ltd, whose products include dietary supplements.

Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

Tags: , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: