Carl Icahn Considered Selling Herbalife Stake To Bill Ackman-led Group

(RTTNews) - Carl Icahn has recently discussed selling his stake in Herbalife Ltd. (HLF) to a group including the company's arch-nemesis William Ackman, the Wall Street Journal reported.

Investment bank Jefferies Group LLC has been seeking over the past month to find buyers for Mr. Icahn's 18% stake, which is worth roughly $1 billion. The status of the talks and which other investors may be involved wasn't clear and Mr. Icahn may sell nothing in the end, the report said.

HLF is currently trading at $59.02, down $2.91 or 4.70%.

Last month, the Nutrition supplements company Herbalife agreed to fully restructure their U.S. business operations and pay $200 million to compensate consumers to settle Federal Trade Commission charges that the companies deceived consumers into believing they could earn substantial money selling diet, nutritional supplement, and personal care products.