Deals
Icahn Says No Respect for Bill Ackman After Herbalife Bet
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Carl Icahn, reviving a decade-old feud with hedge-fund manager William Ackman, said the founder of Pershing Square Capital Management LP is taking “inordinate” risks in a wager against Herbalife Ltd. disclosed last year.
Icahn, who spent more than seven years wrangling with Ackman in court over $4.5 million, said in an interview yesterday that Ackman’s assertion that he was shining a spotlight on Herbalife, the marketer of weight-loss and nutritional supplements, was “disingenuous.” In a statement today, Icahn said he would never invest with Pershing Square, citing Ackman’s short sale of more than 20 million Herbalife shares.