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Bill Ackman: Carl Icahn Looks To Sell Herbalife Because ‘He Knows This Is Toast’


Hedge fund manager Bill Ackman told CNBC on Friday he was approached indirectly by Carl Icahn to purchase the billionaire’s stake in Herbalife — Ackman’s longtime short target.

Asked why Icahn would want to sell his stake in Herbalife, Ackman responded: “I think he knows this is toast” and “he’s made bunch of money.”

Bill Ackman: Carl Icahn Looks To Sell Herbalife Because ‘He Knows This Is Toast’

Herbalife is a confidence game: Ackman

H/T Dataroma

It’s interesting the board now knows that Carl Ichan in a seller, says Bill Ackman, Pershing Square Capital, adding that the company is under enormous scrutiny and must change its business.

Bill Ackman
Image source: CNBC Video Screenshot