Carl Icahn Bill Ackman Feud Escalates Into Full Scale Battle

Herbalife Ltd. (NYSE:HLF)  stock was up slightly this afternoon as the verbal tussle continues between Bill Ackman and Carl Icahn.

Ackman is famously shorting Herbalife, a company he has publicly called a pyramid scheme. A heated, and rather playground, exchange between the two fund managers has broken out in recent days. NOTE: Ackman was just on CNBC, Carl Icahn called in to fight with Ackman live, we will have the full details up shortly.


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Yesterday Bill Ackman said that some time ago Carl Icahn asked if he could be his friend. Ackman’s asserted response was that “I told him I had no interest in being his friend.”

Icahn, who you might imagine has better things to do, responded to that comment in a press release today.

The response, which is at times reminiscent of the film “Mean Girls,” states, “To get the record straight, I never asked Ackman to be my friend.”

On the contrary, according to Icahn, “Ackman has stated to me on more than one occasion that it’s a shame we are not friends.”

That’s not the only dig delivered by Icahn in the missive.  “Bill Ackman has recently stated ‘Carl Icahn is a great investor.’ I thank him but unfortunately I cannot return the compliment,” the release stated. That slight is unlikely to go unnoticed by Ackman, who will appear on CNBC this afternoon.

Carl Icahn holds a long position in Herbalife Ltd. (NYSE:HLF) , but that position has not become large enough to require SEC disclosure. Herbalife Ltd. (NYSE:HLF) stock has regained most of the value it lost since Ackman initiated his short position. Stock in the company has gained almost 70% in the last month, and is down just 12% from 3 months ago.