Home>Topics>>UPDATE 1-Ackman likens Herbalife to company closed by regulators
UPDATE 1-Ackman likens Herbalife to company closed by regulators
Reuters: Non-Cyclical Consumer Goods
Thu, 14 Mar 2013
BOSTON, March 14 (Reuters) - Hedge fund manager William Ackman said on Thursday that Herbalife Ltd, the nutritional supplements company he is betting against, was like another multilevel marketing company that U.S. regulators shut down in January.
Shareholders should take note when activist investors make headlines as they have very high success rates in achieving their goals, according to 13D Activist Fund's Ken Squire.