2017-04-01 11:18

 

Investment chiefs Icahn holdings continued to challenge Ekman Herbalife filling

 

Beijing time on March 14th morning news, according to foreign media reports, investment chiefs, Wall Street activist investor Carle. Icahn continued holdings of U.S. nutrition and health management company Herbalife shares, with gambling hedge fund chiefs Bill Ekman short.
According to the latest filings, Icahn has holdings again Herbalife 372 thousand and 342 shares, the total shareholding to 22 million 872 thousand and 342 shares, the company accounted for 24.57% of the total shares, stock valuation of nearly $1 billion 200 million. According to regulatory documents, Icahn holds total cost of Herbalife was $962 million 10 thousand.
In Monday trading, Herbalife shares rose more than 3%, to $53.95 per share, since January this year, the company's share price has risen 8.5%.
In the past four years, hedge fund giant Pershing Square Capital CEO Bill. Ekman has been betting on shorting herbalife. At the end of December 2012, Ekman announced that he has bet the $1 billion short Herbalife company, said the company's stock price and not worth a hair. Ekman said Herbalife is for the poor a side head side tail "pyramid pyramid scam". He said regulators, especially the Federal Trade Commission (FTC), will eventually close the company.
Shortly after Ekman announced short Herbalife, Icahn and other fund managers will be added to the long long Herbalife stock camp.
Last July, Herbalife company agreed to pay $200 million to settle the lawsuit FTC, and said that the restructured company fundamentally business. FTC in its appeal words in most of the accused, Herbalife sales did not earn money, and a large portion of the sales at a loss. The sales of a small number of people who are able to earn a substantial amount of revenue, in fact, are obtained through the recruitment of members, rather than the actual retail sales. FTC accused Herbalife did not provide any feasible based on retail sales business opportunities.
In FTC issued the statement, Icahn quickly issued a statement, said the company's board of directors has decided to hold its stake from 25% Herbalife holdings to 34.99%.
In the FTC statement, Ekman at an investor telephone conference that FTC's allegations are fatal to herbalife. He believes that the value of the company is completely overvalued, and its commercial fraud is unsustainable. (pine)