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Carl Icahn Rocks Herbalife Shareholders Over Stock Sale

The investor tried to reassure Herbalife shareholders after unloading one-quarter of his position in a Dutch tender offer.

  • By Stephen Taub

Carl Icahn alarmed Herbalife investors on Friday, after he revealed that he sold a sizable chunk of shares in the company's Dutch tender offer.The activist investor said in a regulatory filing that Icahn Enterprises (IEP), which is Herbalife's largest shareholder, tendered as many as 11.4 million shares in the program,

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