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Stock impact report

Bill Ackman might be out for a tiny bit of revenge [Yahoo! Finance]

Icahn Enterprises L.P. - Depositary Units representing Limited Partner Interests (IEP) 
US:NASDAQ Investor Relations: ielp.com/investor-relations
Company Research Source: Yahoo! Finance
In late 2012, Bill Ackman started one of the more celebrated battles over corporate control, when he charged that the supplement company Herbalife Nutrition HLF was a pyramid scheme. Ackman, head of hedge fund firm Pershing Square Square Capital Management, had a huge short position in Herbalife's stock. Short-sellers bet on drops in stock prices; they do best if a stock price drops to zero. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter The fight brought in Carl Icahn, a legendary and feared billionaire, who was — and still is — not one to trifle with. Icahn had had dealings with Ackman before. One bad deal forced him to write Ackman a large check. And Icahn decided to support Herbalife. Related: Veteran analyst who predicted the S&P 500's rally unveils target for 2025 The fight went on for nearly six years, with millions spent on high-priced lawyers, PR people and more lawyers. There was even a bit of live television so dramatic that NYSE trading Show less Read more
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