Herbalife Investor Stiritz Cuts Holding, Icahn Lifts His

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http://wealthx.com/articles/2017/herbalife-investor-stiritz-cuts-holding-icahn-lifts-his/

William Stiritz, one of the largest investors in Herbalife Ltd, cut his stake in the nutrition and weight loss company to 1.4 percent at the end of the fourth quarter from 5.2 percent a year ago, according to a regulatory filing on Tuesday.

 

At the same time billionaire investor Carl Icahn, who has sparred with rival billionaire William Ackman over the company’s future and has long been Herbalife’s biggest owner, raised his stake during the fourth quarter. He now owns 22.5 million shares, marking a 14 percent increase from the end of the third quarter, according to a regulatory filing.

 

Read the full story on Reuters here.

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