Icahn’s position in Herbalife is worth more than a billion dollars, shares which he started accumulating in late 2012. The price off the stock has soared in value over that period, as has Icahn’s stake.
On CNBC’s “Squawk Box”, Friday morning, Bill Ackman claimed he was among the parties contacted by Jefferies about buying a small portion of Icahn’s shares. Ackman claimed his long time Herbalife nemesis was trying to sell his position “because he knows this thing is toast.”
Yet Icahn ended up buying more instead, and said in a statement on Friday that he never directly put in a sell order to Jefferies, which a spokesperson at the firm confirmed to CNBC.
Icahn and Ackman have been battling over Herbalife for years. Ackman is short the stock and has waged a public battle against the company, while Icahn has taken the other side of the trade.
In a letter announcing his Friday Herbalife purchase, Icahn tore into Ackman. “It amazes me that a guy who hasn’t any knowledge of my internal investment thinking believes he is in a position to go on television to tell the world what I AM thinking,” the investor wrote. “Amazing!”
Read Icahn’s full statement here.
Correction: An earlier version misspelled the name of the firm Jefferies.
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