Carl Icahn says he asked the FTC permission to buy 50% of Herbalife

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Activist investor Carl Icahn said he has asked the Federal Trade Commission for the right to purchase up to a 50% stake in nutritional supplement company Herbalife. Icahn made his comments late Tuesday at the Delivering Alpha conference in New York hosted by CNBC and Institutional Investor. Icahn said he has weighed launching a tender offer for Herbalife, which has been the subject of a yearslong bearish bet by rival activist, Bill Ackman, who has characterized the company as a “pyramid scheme.” Shares of Herbalife were up 2.2% in moderate volume in afterhours trade following Icahn’s statement.

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09/16/2016 |

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