Carl Icahn Pretty Much Hates Bill Ackman (HLF)
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January 25, 2013 3:01 PM EST
On a slow Friday afternoon, investors around the world paused their normal activities to listen in on what turned out to be one of the most intense, ruthless, and jaw-dropping interviews in Wall Street history.
CNBC invited Pershing Square's Bill Ackman on for an interview over multi-level marketing (MLM) company Herbalife (NYSE: HLF), a stock he thinks is worthless, as well as to clarify comments made earlier in the week about a debt owed by activist investor Carl Icahn. Coincidentally, Icahn... More
January 25, 2013 12:59 PM EST
Carl Icahn says there could be a tender offer on Herbalife (NYSE: HLF), creating a short squeeze and the stock could go to $100.
Ackman said no one would make a tender offer for HLF.... More
January 25, 2013 12:26 PM EST
In a CNBC interview, Bill Ackman defended his action on Herbalife (NYSE: HLF) after an attack from Carl Icahn on the approach he took.
Ackman notes that Mr. Icahn used the same conference (Ira Sohn) in 2002 and 2003 to discuss some of his short... More
January 25, 2013 12:07 PM EST
Carl C. Icahn released the following statement in response to yesterday's press release issued by Bill Ackman:
"In 2003 I helped Bill Ackman out of a jam he was in with a fund called Gotham Partners, by buying Gotham's stake in a company called Hallwood Partners.
"In our stock purchase agreement with Gotham they were entitled to an earnout equal to 50% of our profit on the Hallwood shares if we 'sold or otherwise transferred' those shares. This was to protect Bill from looking bad to his... More
January 24, 2013 9:56 PM EST
The feud between hedge fund mangers Carl Icahn and Bill Ackman entered a new level Thursday after Icahn aired his disgust over how Ackman has handled his Herbalife (NYSE: HLF) short in a Bloomberg TV interview.
Now, Ackman is firing back. In an evening press release, Ackman described Icahn as a person that "does not keep his word."
Below is the press release from Pershing Square:
Pershing Square Capital Managements... More
