Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Carl Icahn increased his stake in Herbalife Ltd. (NYSE: HLF) to 23.05 percent. Anyone familiar with the matter knows what a long strange trip it’s been for Icahn, Bill Ackman and Herbalife.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Here's a look at the relationship between Icahn and Herbalife over the years:
- 2003 – A feud arises between Carl Icahn and Bill Ackman over Hallwood Realty. Ackman wins $4.5 million in court in 2011.
- December 2012 – Bill Ackman outlines why he believes Herbalife is a pyramid scheme, discloses a position.
- January 10, 2013 – Rumors of Icahn buying a stake arise.
- January 16, 2013 – Confirmed that Icahn bought a stake in Herbalife.
- February 14, 2013 – Icahn increases his stake to 12.98 percent. Herbalife management approves of his buying up to 25 percent.
- February 15, 2013 – Icahn comments on Herbalife: “Quintessential example of a company that should be taken private.”
- March 7, 2013 – Icahn Increases his Herbalife stake to 15.5 percent.
- May 7, 2013 – Icahn Raises Stake to 16.48 percent.
- February 26, 2014 – Icahn purchases an additional 33,500 shares.
- May 15, 2014 – Icahn slightly reduces his position.
- September 22, 2014 – Rumors arise that Icahn will dump his 17 percent stake. Stock takes a hit and rebounds.
- July 15, 2016 – Herbalife announces it will allow Icahn to purchase up to 34.99 percent, up from 25 percent; Icahn reports 18.32 percent stake.
- August 24, 2016 – Rumors arise that Icahn may be shopping for a sale of his Herbalife stake; Rumor soon debunked.
- August 26, 2016 – Rumors of sale continue. Ackman presented as a possible buyer. Icahn later purchases 2.3 million shares.
- September 2, 2016 –Icahn buys 306,846 shares –Increased stake to 21 percent.
- November 3 – Icahn buys another 1,832,402 shares –Increased stake to 23.05 percent.