Actionable news
All posts from Actionable news
Actionable news in HLF: HERBALIFE Ltd.,

Carl Icahn shopped a portion of his Herbalife stake, but in a twist ended up buying more

Carl Icahn bought more than two-million additional Herbalife shares late on Friday, but according to sources the billionaire investor may have been interested in exiting his position earlier in August—but only for the right price.

Sources tell CNBC that two financial firms, Jefferies and UBS, were working independently to find a buyer for Icahn's massive stake in the nutritional supplement company, but nothing ever happened.

These sources also said that, as recently as late last week, Icahn was bid for a large block of his Herbalife position but chose not to sell. In addition, Icahn never offered his shares, they added.

It's also...