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Herbalife is buying back more than half of Carl Icahn’s stake
The legendary activist investor Carl Icahn is dumping a massive chunk of his stake in Herbalife Nutrition and giving up his firm’s seats on the board. The nutritional supplements company announced Sunday that it is repurchasing some $600 million worth of shares from Icahn Enterprises, his investment company. Herbalife is buying the shares for $48.05
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