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Herbalife (HLF) Stock Surges in After-Hours Trading, Icahn Increases Stake

NEW YORK (TheStreet) -- Herbalife (HLF) stock was up 6.38% to $64.35 in after-hours trading on Friday after billionaire investor Carl Icahn bought 2.3 million more shares of the Grand Cayman-based nutrition company earlier today, according to CNBC.

The stock had sold off earlier today after Pershing Square's Bill Ackman said he was contacted by Jefferies about purchasing Icahn'sstake in the company.

Icahn has since denied the allegations, claiming that while many investment bankers...