Bill Ackman to Buy Shares of Herbalife?

Billionaire hedge fund manager Bill Ackman claims that he has been approached to buy shares in the nutritional supplements maker Herbalife from fellow billionaire investor Carl Icahn. Ackman, who has been Herbalife’s biggest critic, told CNBC this week, “This is a confidence game. Carl is what creates the confidence in the company. With Carl exiting, I think the thing is over, and over quickly. The sooner he sells the better. I think he knows that this thing is toast.” For years, Ackman has accused Herbalife of running a pyramid scheme and has bet that its stock will eventually fall to zero.

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